The Saving-Investment Dynamics And Financial Sector Reforms in India
AbstractWhile 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 14498.
Date of creation: 2009
Date of revision:
Saving; Investment; Financial Liberalization; India;
Find related papers by JEL classification:
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-04-13 (All new papers)
- NEP-CWA-2009-04-13 (Central & Western Asia)
- NEP-DEV-2009-04-13 (Development)
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