Tang, Chor Foon (2010): Savings-led growth theories: A time series analysis for Malaysia using the bootstrapping and time-varying causality techniques.
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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|
|Original Title:||Savings-led growth theories: A time series analysis for Malaysia using the bootstrapping and time-varying causality techniques|
|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
|Depositing User:||Chor Foon Tang|
|Date Deposited:||13. Jan 2011 15:39|
|Last Modified:||30. Dec 2015 21:49|
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Savings-led growth theories: A time series analysis for Malaysia using the bootstrapping and time-varying causality techniques. (deposited 08. Dec 2010 23:18)
Savings-led growth theories: A time series analysis for Malaysia using the bootstrapping and time-varying causality techniques. (deposited 22. Dec 2010 00:38)
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