Tang, Chor Foon (2010): Savings-led growth theories: A time series analysis for Malaysia using the bootstrapping and time-varying causality techniques. Forthcoming in: International Journal of Economic Research
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Abstract
The purpose of this study is to empirically investigate the vindication of savings-led growth hypothesis for the Malaysian economy with the long run TYDL version of Granger causality – Toda and Yamamoto (1995) and Dolado and Lütkepohl (1996). This study used the quarterly sample from 1970:Q1 to 2008:Q4. The recursive regression procedure will also incorporate into the TYDL causality test to measure the stability of the savings-led growth hypothesis in the long run. Our empirical results support that the savings-led growth hypothesis is long run phenomenon and stable over time. Therefore, the Malaysian dataset supports the endogenous growth theory.
Item Type: | MPRA Paper |
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Original Title: | Savings-led growth theories: A time series analysis for Malaysia using the bootstrapping and time-varying causality techniques |
Language: | English |
Keywords: | Causality; Malaysia; Recursive regression; Savings-growth; Stability |
Subjects: | O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E21 - Consumption ; Saving ; Wealth C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C21 - Cross-Sectional Models ; Spatial Models ; Treatment Effect Models ; Quantile Regressions |
Item ID: | 27299 |
Depositing User: | Chor Foon Tang |
Date Deposited: | 08 Dec 2010 23:18 |
Last Modified: | 02 Oct 2019 00:45 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/27299 |
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