In the Solow model of economic growth, a clear connection is made between saving (rate) and economic growth. The conventional wisdom says: higher saving (rate) leads to higher (rate of) investment which in turn leads to higher economic growth. The presumption is that higher saving precedes...

In this paper, we study the long run relationship between saving and economic growth in Thailand using time series data for 1950-96. We distinguish between private saving and total saving in our paper. We find that there is a long run relationship between per capita GDP and total saving but not...