Time series evidence on the saving-investment relationship

John Barkoulas; Alpay Filizetkin; Robert Murphy

doi:10.1080/135048596356735

Time series evidence on the saving-investment relationship

John Barkoulas
, Alpay Filizetkin
, Robert Murphy

Finance

West Virginia University
Koc University
Boston College

Research output: Contribution to journal › Article › peer-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 language	English
Pages (from-to)	77-80
Number of pages	4
Journal	Applied Economics Letters
Volume	3
Issue number	2
DOIs	https://doi.org/10.1080/135048596356735
State	Published - Feb 1996

Scopus Subject Areas

Economics and Econometrics

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10.1080/135048596356735

Cite this

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title = "Time series evidence on the saving-investment relationship",

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.",

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note = "(1996). Time series evidence on the saving-investment relationship. Applied Economics Letters: Vol. 3, No. 2, pp. 77-80.",

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AB - 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.

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DO - 10.1080/135048596356735

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Time series evidence on the saving-investment relationship

Abstract

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