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The Saving-Investment Dynamics And Financial Sector Reforms in India

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Author Info
Ang, James

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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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Publisher 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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Related research
Keywords: 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
F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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