Time Series Evidence on the Saving-Investment Relationship

John Barkoulas, Alpay Filizetkin, Robert Murphy

Research output: Contribution to journalArticlepeer-review

10 Scopus citations

Abstract

The long-run saving-investment correlation for the 24 OECD countries is re-examined using the Johansen procedure. It is found that saving and investment rates are not correlated in the long run for the majority of OECD countries. In the countries where cointegration is found, the Gonzalo-Granger common factor analysis suggests that saving is the driving force of the cointegrated system.

Original languageAmerican English
JournalApplied Economics Letters
Volume3
StatePublished - 1996

Keywords

  • Saving-investment relationship
  • Time series evidence

DC Disciplines

  • Finance

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