| ID | 136554 |
| Title Proper | How stable is the savings-led growth hypothesis in Malaysia |
| Other Title Information | the bootstrap simulation and recursive causality tests |
| Language | ENG |
| Author | Tang, Chor Foon |
| Summary / Abstract (Note) | The purpose of this study is to empirically investigate the vindication of the savings-led growth hypothesis for the Malaysian economy with the long-run TYDL version of the Granger causality test—Toda and Yamamoto (1995) and Dolado and Lütkepohl (1996). This study used the quarterly sample from 1970:Q1 to 2008:Q4. The recursive regression procedure will also incorporate into the TYDL causality test to measure the stability of the savings-led growth hypothesis in the long-run. Our empirical results support that the savings-led growth hypothesis is a long-run phenomenon and stable over time. Therefore, the Malaysian dataset supports the endogenous growth theory.
JEL Classification: C22, E21, O16 |
| `In' analytical Note | Margin Vol.9, No.1; Feb.2015: p.1-17 |
| Journal Source | Margin 2015-03 9, 1 |
| Standard Number | Malaysia |