Savings and economic growth in India the long-run nexus

In this paper, the causal nexus between savings and economic growth in India is investigated within the framework of causality, co-integration and error correction in the presence of a structural break, using annual data from 1950-1951 to 1998-1999. Identifying the structural breaks in both savings...

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Veröffentlicht in:	Savings and development
1. Verfasser:	Sahoo, Pravakar (VerfasserIn)
Weitere Verfasser:	Nataraj, Geethanjali (BerichterstatterIn), Kamaiah, Bandi (BerichterstatterIn), Kamalah, B. (BerichterstatterIn)
Format:	UnknownFormat
Sprache:	eng
Veröffentlicht:	2001
Schlagworte:	Sparen > Wirtschaftswachstum > Kausalanalyse > Indien > Analyse > Kausalität > Ergebnis > Gleichgewicht > Aufsatz in Zeitschrift
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Beschreibung
Zusammenfassung:	In this paper, the causal nexus between savings and economic growth in India is investigated within the framework of causality, co-integration and error correction in the presence of a structural break, using annual data from 1950-1951 to 1998-1999. Identifying the structural breaks in both savings and economic growth in different time period, this study finds support for the long-run equilibrium between savings and economic growth. Further, the study reveals that there is a unidirectional causality from economic growth to savings,thereby repudiating the classical view that savings has been the engine of economic growth. (Sav Dev/DÜI)
Beschreibung:	Zsfassung in franz. Sprache In: Savings and development
Beschreibung:	graph. Darst
ISSN:	0393-4551