Relationships among Household Saving, Public Saving, Corporate Saving and Economic Growth in India
This paper examines the relationship between the growth rates of household saving, public saving, corporate saving and economic growth in India using multivariate Granger causality tests. The conventional wisdom suggests that the causality flows from saving to economic growth. We show that the causality goes in the opposite direction for India. Hence, higher saving is the consequence of higher economic growth and not a cause.
|Date of creation:||21 Feb 2007|
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8905, Michigan State - Econometrics and Economic Theory.
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"Saving and Economic Growth in India,"
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"Saving and growth with habit formation,"
Finance and Economics Discussion Series
95-42, Board of Governors of the Federal Reserve System (U.S.).
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