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The Role Of Capital Formation And Saving In Promoting Economic Growth In Iran, R. Verma, E. Wilson, Mosayeb Pahlavani
The Role Of Capital Formation And Saving In Promoting Economic Growth In Iran, R. Verma, E. Wilson, Mosayeb Pahlavani
Faculty of Commerce - Papers (Archive)
This paper estimates the interdependencies between capital formation, saving and output for Iran. The analysis is complicated because of the conflicting theoretical and empirical findings of their relative roles in other studies, the lack of research on Iran whose turbulent history makes it difficult to disentangle the complex and changing interrelationships between output, saving and investment for the period of our study, 1960 to 2003. The analysis uses Lee and Strazicich (2004) procedure to endogenously determine that structural breaks occurred in 1979 for real output, 1983 for saving and 1977 for investment. These dates coincide with the effect of the …
The Cyclical And Trend Behavour Of Australian Investment And Savings, Bruce Felmingham, Arusha V. Cooray
The Cyclical And Trend Behavour Of Australian Investment And Savings, Bruce Felmingham, Arusha V. Cooray
Faculty of Commerce - Papers (Archive)
A spectral analysis of the Australian time series for the investment and savings ratios on monthly data over the period from September 1959 to December 2005 reveals that the major cyclical components of the savings and investment ratios cohere strongly. This suggests there is a medium to long term relationship between investment and savings. Further, the investment and saving ratios cohere strongly with the business cycle suggesting a procyclical pattern of investment and saving behaviour on Australian data. A subsequent long memory analysis reveals that the saving and investment ratios, the investment ratio and real GDP and the savings ratio …
Savings, Investment And Growth In India: An Application Of The Ardl Bounds Testing Approach, R. Verma
Savings, Investment And Growth In India: An Application Of The Ardl Bounds Testing Approach, R. Verma
Faculty of Commerce - Papers (Archive)
This paper considers savings, investment and economic growth for India using annual time series data for the period 1950/51 to 2003/04. The analysis uses Perron’s innovational outlier model to conduct unit root tests which endogenously determines a structural break. The empirical results show that the null hypothesis of unit root cannot be rejected for gross domestic product. Moreover, the results show that the most significant structural breaks over the last five decades correspond to the wars, regime change and the nationalisation of the banks. The study also utilises the Autoregressive Distributed Lag (ARDL) approach to test for cointegration. Whilst the …