Cointegrating and causal relationships between saving and growth: The case of Iran / Nur Fakhzan Marwan ...[et al.]
This paper examines the long-run causal relationship between saving and economic growth for Iran for the period 1967-2010. Applying the multivariate cointegration techniques and Toda and Yamamoto causality test, it is found that the stability of savings-led growth hypothesis in the long run is not a...
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| Hoofdauteurs: | , , , , |
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| Formaat: | Boek |
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2012.
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| Samenvatting: | This paper examines the long-run causal relationship between saving and economic growth for Iran for the period 1967-2010. Applying the multivariate cointegration techniques and Toda and Yamamoto causality test, it is found that the stability of savings-led growth hypothesis in the long run is not applied for this country. On the other hand, it is found that there is a unidirectional causality running from economic growth to saving for Iran. Evidently, the empirical results cast further doubt on the relevance of the domestic saving used as a target variable for economic development. |
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| Beschrijving item: | https://ir.uitm.edu.my/id/eprint/50219/1/50219.PDF |