Sinha, Dipendra and Sinha, Tapen (2007): Relationships among Household Saving, Public Saving, Corporate Saving and Economic Growth in India.
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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.
|Item Type:||MPRA Paper|
|Institution:||Ritsumeikan Asia Pacific University, Japan and Macquarie University, Australia and ITAM, Mexico|
|Original Title:||Relationships among Household Saving, Public Saving, Corporate Saving and Economic Growth in India|
|Keywords:||Economic growth; public saving; corporate saving; household saving|
|Subjects:||O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development
E - Macroeconomics and Monetary Economics > E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment > E21 - Consumption; Saving; Wealth
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
|Depositing User:||Dipendra Sinha|
|Date Deposited:||06. Apr 2007|
|Last Modified:||13. Feb 2013 12:45|
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