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the long run and sectoral per worker savings to investment links in both the short and long run. This implies the need to …The present paper empirically analyses the relationship between Saving, Investment and Growth rate in India. During the … period of Financial Liberalization, the popular view that increases in savings are a necessary condition for economic growth …
Persistent link: https://www.econbiz.de/10013056622
Based on the relation between investment and domestic saving proposed by Feldstein and Horioka (1980) to verify capital … autoregressive (SVAR) involving investment and saving in order to evaluate the effect of exogenous shocks through impulse response … showed that investment is sensitive to contemporaneous innovation on saving and this effect lasts for a long time. Regarding …
Persistent link: https://www.econbiz.de/10012038727
The study investigated the dynamic interaction between savings, investment and economic growth in Nigeria within the …, should ensure that the savings with deposit money banks are properly channelled to long-term investment. The study further … revealed that GDI do not result to GDP, to resolve this, government should ensures that all investment are properly channelled …
Persistent link: https://www.econbiz.de/10012845749
This paper does some exogeneity tests in the equation proposed by Feldstein-Horioka (1980). The main finding is that domestic saving is super exogenous in the Feldstein-Horioka equation. That is, the Lucas critic does not applies
Persistent link: https://www.econbiz.de/10014162856
This paper studies the relationship between saving and investment rates in Japan and other 11 Asian countries. Most …-Perron unit root tests indicate that for most of the 12 Asian countries, both saving and investment rates have unit roots. However … between saving and investment rates can be interpreted to mean that an increase in the saving rate may not be enough for these …
Persistent link: https://www.econbiz.de/10014208699
This paper reviews recent developments in nonparametric identi.cation of mea- surement error models and their applications in applied microeconomics, in particular, in empirical industrial organization and labor economics. Measurement error models describe mappings from a latent distribution to...
Persistent link: https://www.econbiz.de/10010469057
The detection of structural change and determination of lag lengths are long-standing issues in time series analysis. This paper demonstrates how these can be successfully married in a Bayesian analysis. By taking account of the inherent uncertainty about the lag length when deciding on the...
Persistent link: https://www.econbiz.de/10003332923
Stand-alone marketing models are well-suited to deal with different behavioral features such as variation in transaction frequency (customer heterogeneity with latent classes), recency and attrition (“buy ‘till you die” models), and more general changes in customer transaction rates...
Persistent link: https://www.econbiz.de/10009356633
In this paper we introduce a new nonlinear Markov-STAR model to capture both the markov switching and smooth transition dynamics for real exchange rates. The Markov switching part captures the effect of time variations of the equilibrium exchange rates, while the smooth transition part models...
Persistent link: https://www.econbiz.de/10011429933
We propose a new approach to deal with structural breaks in time series models. The key contribution is an alternative dynamic stochastic specification for the model parameters which describes potential breaks. After a break new parameter values are generated from a so-called baseline prior...
Persistent link: https://www.econbiz.de/10011383033