Saving and Economic Growth in India
AbstractThis paper studies the relationship between GDP and saving in India. During the last few years, the saving rate has fallen marginally raising concern that it might adversely affect economic growth. We take a long run view. We explore whether there is a long run relationship between GDP and saving. In doing so, we distinguish between gross domestic saving and gross domestic private saving. We posit that gross domestic private saving rather than gross domestic saving is more important in determining GDP. We find that both gross domestic saving and gross domestic private saving are cointegrated with GDP. However, causality tests between the growth of gross domestic saving/the growth of private domestic saving and the growth of GDP indicate that the causality does not run in any direction.
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Bibliographic InfoArticle provided by Camera di Commercio di Genova in its journal Economia Internazionale / International Economics.
Volume (Year): 49 (1996)
Issue (Month): 4 ()
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Other versions of this item:
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
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"Relationships among Household Saving, Public Saving, Corporate Saving and Economic Growth in India,"
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- López L., Rosby Leandra & Saldarriaga M., Juan Pablo, 2010. "Ahorro y crecimiento económico en Colombia: 1950-2007," PERFIL DE COYUNTURA ECONÓMICA, UNIVERSIDAD DE ANTIOQUIA - CIE.
- Tang, Chor Foon & Tan, Bee Wah, 2014. "A revalidation of the savings–growth nexus in Pakistan," Economic Modelling, Elsevier, vol. 36(C), pages 370-377.
- Sinha, Dipendra & Sinha, Tapen, 2007. "Toda and Yamamoto Causality Tests Between Per Capita Saving and Per Capita GDP for India," MPRA Paper 2564, University Library of Munich, Germany.
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