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Are saving and investment cointegrated? The case of Malaysia (1965-2003)

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  • James Ang

Abstract

This article examines whether domestic saving rate leads to higher domestic investment rate in the case of Malaysia. We argue that the results obtained from cross-sectional studies are not able to address this issue satisfactorily and highlight the importance of individual country case studies. Using the recently developed autoregressive distributed lag bounds testing procedure, the results reveal a robust cointegrated relationship between domestic saving and investment rates during the period 1965 to 2003.

Suggested Citation

  • James Ang, 2007. "Are saving and investment cointegrated? The case of Malaysia (1965-2003)," Applied Economics, Taylor & Francis Journals, vol. 39(17), pages 2167-2174.
    • Handle: RePEc:taf:applec:v:39:y:2007:i:17:p:2167-2174
    DOI: 10.1080/00036840600722281
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    References listed on IDEAS

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    1. Prema-chandra Athukorala, 2001. "Crisis and Recovery in Malaysia," Books, Edward Elgar Publishing, number 2340.
    2. Wilbert O. Bascom, 1994. "The Economics of Financial Reform in Developing Countries," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-23372-4.
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