Work

Does Saving Really Matter For Growth In Developing Countries? The Case Of A Small Open Economy

Year: 2010

Type: article

Abstract: The study employed the Toda and Yamamoto (1995) and Dolado and Lutkepohl (1996) –TYDL methodology to uncover the direction of causal relationship between savings and economic growth in Nigeria between 1970 and 2006. The empirical results suggest that savings and economic growth are positively cointegrated, indicating a stable long-run equilibrium relationship. Further, the findings revealed a unidirectional causality between savings and economic growth and the complementary role of FDI in growth.

Source: International Business & Economics Research Journal (IBER)

DOI: 10.19030/iber.v9i4.556

Author: Olajide S. Oladipo

Institution: York College, City University of New York

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: bronze

OpenAlex ID: W2146035682

FWCI: 2.153

Cites: 51

Cited by: 57

Related to: 10