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The Savings Ration And Financial Repression In Trinidad And Tobago

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Author Info
ERIC J. PENTECOST
CARLYN RAMLOGAN

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Abstract

This paper investigates the hypothesis of financial repression in the context of the determinants of the private savings ratio in Trinidad and Tobago, using the multivariate, cointegration time-series methodology. Four alternative proxies are used to represesnt financial repression, including the real interest rate, the real interest rate differential between the world and domestic economy and two alternative measures of exchange rate misalignment. We find that there is strong evidence to support the hypothesis of financial repression in Trinidad and Tobago over the sample period and that financial liberalisation may significantly enhance the growth of real per capita income. [E2, F4, O1]

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Publisher Info
Article provided by Korean International Economic Association in its journal International Economic Journal.

Volume (Year): 14 (2000)
Issue (Month): 2 (June)
Pages: 67-84
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Handle: RePEc:taf:intecj:v:14:y:2000:i:2:p:67-84

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  9. Arestis, Philip & Demetriades, Panicos O, 1997. "Financial Development and Economic Growth: Assessing the Evidence," Economic Journal, Royal Economic Society, vol. 107(442), pages 783-99, May. [Downloadable!] (restricted)
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  10. Jordan Shan & Fiona Sun, 1998. "Domestic Saving And Foreign Investment In Australia: A Granger Causality Test," International Economic Journal, Korean International Economic Association, vol. 12(4), pages 79-87, December. [Downloadable!] (restricted)
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  12. Philip M. Bodman, 1995. "National Savings And Domestic Investment In The Long Term: Some Time Series Evidence From The Oecd," International Economic Journal, Korean International Economic Association, vol. 9(2), pages 37-60, June. [Downloadable!] (restricted)
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