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

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...

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Veröffentlicht in:	The review of economics and statistics 2000-05, Vol.82 (2), p.182-211
Hauptverfasser:	Attanasio, Orazio P., Picci, Lucio, Scorcu, Antonello E.
Format:	Artikel
Sprache:	eng
Schlagworte:	Analysis Coefficients Correlation analysis Correlations Datasets Dynamic modeling Economic development Economic growth models Economic growth rate Estimators Financial investments Growth rate Investment Investment rates Investments Macroeconomics Manycountries P values Prices and rates Saving and investment Savings Studies Symposium on Saving around the World Symposium on Savings around the World
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Beschreibung
Zusammenfassung:	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.
ISSN:	0034-6535 1530-9142
DOI:	10.1162/003465300558731