Work

Saving, Growth, and Investment: A Macroeconomic Analysis Using a Panel of Countries

Year: 2000

Type: article

Abstract: This paper provides a descriptive analysis of the long- and short-run correlations among saving, investment, and growth rates for 123 countries over the period 1961-94. Three results are robust across data sets and estimation methods: i) lagges saving rates are positively related to investment rates; ii) investment rates Granger cause growth rates with a negative sign; iii) growth rates Granger-cause investment with a positive sign.

Source: The Review of Economics and Statistics

DOI: 10.1162/003465300558731

Authors: Orazio P. Attanasio, Lucio Picci, Antonello E. Scorcu

Institutions: National Bureau of Economic Research, Institute for Fiscal Studies, University College London, University of Bologna

Language: English

Topic: Economic Growth and Productivity

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W2160262307