Attanasio, O.;
Picci, L.;
Scorcu, A.E.;
(2000)
Saving, growth, and investment: a macroeconomic analysis using a panel of countries.
The Review of Economics and Statistics
, 82
(2)
pp. 182-211.
10.1162/003465300558731.
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Abstract
This paper provides a descriptive analysis of the long- and short-run correlations among saving, investment, and growth rates for 123 countries over the period 1961-94. Three results are robust across data sets and estimation methods: i) lagges saving rates are positively related to investment rates; ii) investment rates Granger cause growth rates with a negative sign; iii) growth rates Granger-cause investment with a positive sign.
| Type: | Article |
|---|---|
| Title: | Saving, growth, and investment: a macroeconomic analysis using a panel of countries |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1162/003465300558731 |
| Publisher version: | http://dx.doi.org/10.1162/003465300558731 |
| Language: | English |
| Additional information: | © 2000 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology |
| Keywords: | JEL classification: E21, O47, E22, O16. Growth, investment, macroeconomics, saving |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
| URI: | https://discovery.ucl.ac.uk/id/eprint/15278 |
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