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inconsistency causality result of savings and economic growth. Ultimately, causality test does not matter to savings-growth nexus …The intention of this study was to investigate whether the causal inference between savings and economic growth in … quarterly data from 1991:Q1 to 2006:Q3. The results suggested that the causal relationship between savings and economic growth …
Persistent link: https://www.econbiz.de/10011114503
In an overlapping generations model, rents to human capital play a key role in increasing savings. In the absence of … steady states arise because rents to human capital are self perpetuating. Inequality in abilities may be good for growth … because it allows inframarginal workers to earn rents on their human capital, which then increase savings. Public education is …
Persistent link: https://www.econbiz.de/10005662008
the TYDL causality test to measure the stability of the savings-led growth hypothesis in the long run. Our empirical …The purpose of this study is to empirically investigate the vindication of savings-led growth hypothesis for the … results support that the savings-led growth hypothesis is long run phenomenon and stable over time. Therefore, the Malaysian …
Persistent link: https://www.econbiz.de/10008753075
remittances to savings. On average, an increase in inward remittances by 1% leads to about 0.10% increase in savings ceteris … case. Quite outstanding here is the observation of the detrimental role of remittances on savings in the long-run once … direct investment (FDI), and foreign aid were found to be important moderators of the remittances-savings linkage. For the …
Persistent link: https://www.econbiz.de/10013407069
saving rate; (ii) strengthen the effect of growth on saving; and (iii) increase the growth rate if productivity growth is … endogenous. These propositions are supported by cross-country regressions of saving and growth rates on indicators of liquidity … further reduction in saving and growth rates. …
Persistent link: https://www.econbiz.de/10005666537
China's fast growth is perceived as a major determinant of its savings glut that contributes to global imbalances, but … find that China's growth is positively affected by saving but has a limited effect on saving, that inequality mainly has a … negative impact on growth but has a positive impact on saving, and that inequality is a stronger factor than growth in …
Persistent link: https://www.econbiz.de/10010738018
paper estimates a savings function to evaluate the impact of various determinants of private savings in Bangladesh …Over the course of the last decade, Bangladesh has implemented a broad-based program of financial and market reforms … share of agriculture in GDP have a positive impact on the savings rate. Dependency rate and public savings rate, on the …
Persistent link: https://www.econbiz.de/10010279365
remittances to savings. On average, an increase in inward remittances by 1% leads to about 0.10% increase in savings ceteris … case. Quite outstanding here is the observation of the detrimental role of remittances on savings in the long-run once … direct investment (FDI), and foreign aid were found to be important moderators of the remittances-savings linkage. For the …
Persistent link: https://www.econbiz.de/10014552519
This paper analyzes the causes of rising savings rates for the corporate, government, and household sectors, which have … jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the … Chinese economy are also explored. -- aggregate savings ; current account ; income distribution ; WTO accession ; trade …
Persistent link: https://www.econbiz.de/10009716768
This study explores the relationship between demographic factors and saving rates using a panel dataset covering 110 countries between 1963 and 2012. In line with predictions from theory, this paper finds that lower dependency rates and greater longevity increase domestic saving rates. However,...
Persistent link: https://www.econbiz.de/10011457320