Munich Personal RePEc Archive

Cointegration between Investment and Saving in Selected Asian Countries: ARDL Bounds Testing Procedure

Jiranyakul, Komain and Brahmasrene, Tantatape (2008): Cointegration between Investment and Saving in Selected Asian Countries: ARDL Bounds Testing Procedure.

[img]
Preview
PDF
MPRA_paper_45076.pdf

Download (127kB) | Preview

Abstract

This paper investigates empirically the relationship between savings and investment in Indonesia, Philippines and Thailand by employing the bounds testing procedure. There are not many studies on the Feldstein-Horioka puzzle for the developing countries. Using bounds testing for cointegration, the results do not support a positive correlation between savings and investment in these three Asian countries.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.