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The temporal interdependence between saving and output has been in focus in a number of recent empirical studies. Results from these studies have compelled some authors to question the traditional notion of a causal chain where saving leads growth through capital accumulation. This paper...
Persistent link: https://www.econbiz.de/10011587110
Persistent link: https://www.econbiz.de/10001427066
The temporal interdependence between saving and output has been in focus in a number of recent empirical studies. Results from these studies have compelled some authors to question the traditional notion of a causal chain where saving leads growth through capital accumulation. This paper...
Persistent link: https://www.econbiz.de/10005644590
The temporal interdependence between saving and output has been in focus in a number of recent empirical studies. Results from these studies have compelled some authors to question the traditional notion of a causal chain where saving leads growth through capital accumulation. This paper...
Persistent link: https://www.econbiz.de/10010321740
North African countries for the period 1980-2008. To this end, we use panel cointegration analysis and Error Correction …
Persistent link: https://www.econbiz.de/10013084409
period of Financial Liberalization, the popular view that increases in savings are a necessary condition for economic growth … is supported with the detected strong direct links from per worker household and private corporate savings to output in … the long run and sectoral per worker savings to investment links in both the short and long run. This implies the need to …
Persistent link: https://www.econbiz.de/10013056622
The paper investigates by means of cointegration analysis whether the recently observed low levels of private saving …
Persistent link: https://www.econbiz.de/10011475984
Based on a data set of 115 economies, this paper empirically investigates the relation between public debt and economic growth. We find that those countries that present low public debt are characterized by higher economic growth, while the smallest growth rates are associated with high public...
Persistent link: https://www.econbiz.de/10012998928
This paper analyses the possible presence of Granger causality between military spending and unemployment rates in the EU15 countries. The panel bootstrap test applied allows us to control for both the presence of cross-country heterogeneity and cross-sectional dependence. Considering two...
Persistent link: https://www.econbiz.de/10013030323
This paper analyzes the possible causal relationship between debt and growth in 16 OECD countries from 1980 to 2009. This is done considering not only government debt but also non- financial corporate and household debt. The panel bootstrap Granger causality test applied allows us to control for...
Persistent link: https://www.econbiz.de/10013055947