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The 'saving for a rainy day' hypothesis implies that households' saving decisions reflect that they can (rationally) predict future income declines. The empirical relevance of this hypothesis plays a key role in discussions of fiscal policy multipliers and it holds under the null that the...
Persistent link: https://www.econbiz.de/10010518800
The `saving for a rainy day' hypothesis implies that households' saving decisions reflect that they can (rationally) predict future income declines. The empirical relevance of this hypothesis plays a key role in discussions of fiscal policy multipliers and it holds under the null that the...
Persistent link: https://www.econbiz.de/10010530531
revealed the opposite result. Studies that examined the causality between FDI and gross domestic product (GDP) also have found … between FDI and GDP in Bangladesh by employing standard time-series econometric tools, namely, augmented Dickey … stationarity, augmented autoregressive distributed lag (augmented ARDL) bounds testing approach to check cointegration, and Granger …
Persistent link: https://www.econbiz.de/10012268580
with unit roots, cointegration and Granger causality. (3) They do not separate out the effects of private and public saving … (Mexico (1960-1996)); we rigorously explore econometric issues of unit roots, cointegration and causality; and we explicitly …
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