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dc.contributor.authorSingh, Tarlok
dc.contributor.editorS. Hall and P. Pauly
dc.date.accessioned2017-05-03T14:30:23Z
dc.date.available2017-05-03T14:30:23Z
dc.date.issued2008
dc.date.modified2011-06-13T22:58:14Z
dc.identifier.issn0264-9993
dc.identifier.doi10.1016/j.econmod.2008.01.009
dc.identifier.urihttp://hdl.handle.net/10072/22111
dc.description.abstractThis study tests the Saving-Investment correlations in India using both single-equation and system estimators. All the estimators suggest the cointegrating relationship between saving and investment, and the results are robust to the choice of estimator. The conventional and new CUSUM tests show long-run stability of equilibrium residuals and reinforce the cointegrating relationship between the model series. The slope parameter on saving is significantly different from zero, but not from one. These results support the FH hypothesis and suggest the imperfect mobility of capital and home-bias in the asset portfolio of domestic investors. The heavy reliance of investment on domestic saving also reinforces the 'Lucas Puzzle' on the lack of capital flows from the developed countries to the developing countries with scare capital and higher marginal product of capital.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherElsevier
dc.publisher.placeThe United Kingdom
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom1064
dc.relation.ispartofpageto1079
dc.relation.ispartofeditionSeptember
dc.relation.ispartofissue5
dc.relation.ispartofjournalEconomic Modelling
dc.relation.ispartofvolume25
dc.rights.retentionY
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchEconometrics
dc.subject.fieldofresearchBanking, finance and investment
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode3802
dc.subject.fieldofresearchcode3502
dc.titleTesting the Saving-Investment correlations in India: An Evidence from single-equation and system estimators.
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.date.issued2008
gro.hasfulltextNo Full Text
gro.griffith.authorSingh, Tarlok


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