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The Saving-Investment Dynamics And Financial Sector Reforms in India

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  • Ang, James

Abstract

While many developing countries have reformed their financial systems over the last few decades, how an increased level of financial liberalization affects the saving-investment relationship remains unclear. This paper examines the dynamic relationship between the domestic saving and investment rates in India by controlling for the level of financial liberalization. Using data over the period 1950-2005, the results indicate that greater financial liberalization enables more domestic resources to be channeled to investment activities.

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File URL: http://mpra.ub.uni-muenchen.de/14498/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 14498.

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Date of creation: 2009
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Handle: RePEc:pra:mprapa:14498

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Keywords: Saving; Investment; Financial Liberalization; India;

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