Investment and Saving Nexus in Asian Countries: Panel Cointegration and Causality
Investment and Saving Nexus in Asian Countries: Panel Cointegration and Causality
Author(s): Maysam Musai, Mohsen MehraraSubject(s): Gender Studies
Published by: SciPress Ltd.
Keywords: Panel Unit Root; Panel Cointegration; Granger Causality; Gross Domestic Investment (INV); Saving; Asian countries
Summary/Abstract: This paper investigates the causal relationship between gross domestic investment (INV) and saving rates for 40 Asian countries by using panel unit root tests and panel cointegration analysis for the period 1970-2010. The results indicate no long run relationship as well as no causalities between these two variables in these countries. The findings are attributed to non stationary deficits or surpluses in current accounts.
Journal: International Letters of Social and Humanistic Sciences
- Issue Year: 2014
- Issue No: 07
- Page Range: 1-7
- Page Count: 7
- Language: English