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ID: 117639

Multivariate analysis of the nexus between savings and economic / Tang, Chor Foon; Ch'ng, Kean Siang

Tang, Chor Foon	Journal Article
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2012.

Summary/Abstract

The savings-growth nexus is an age-old empirical problem, but the causal relationship between savings and economic growth remains controversial. Establishing a clear causal relationship has signifi cant policymaking implications for economic growth and development. Therefore, the purpose of this study is to re-visit empirically the savings-growth nexus for the fi ve ASEAN founding economies-ASEAN-5-via a multivariate framework. This study covered the annual data from 1970 to 2010. The Bartlett-corrected trace test for cointegration was adopted to examine the presence of a long-run relationship between savings and its determinants. The estimation results suggest that savings and its determinants are cointegrated in the fi ve ASEAN founding countries. urthermore, the bootstrapping approach was used to ascertain the causality direction between savings and economic growth. We found that savings Granger cause economic growth in all ASEAN-5 economies. Therefore, we believe that savings is a prominent source of economic

Key Words

Cointegration ; MWALD ; Bartlett - Corrected Trace Test ; Savings and Growth

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ID: 080437

Will Inflation Increase Crime rate? new evidence from bounds an / Tang, Chor Foon; Lean, Hooi Hooi

Tang, Chor Foon	Journal Article
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Publication

2007.

Summary/Abstract

This paper employs the modified Wald (MWALD) causality test to re-examine the relationship between crime and its determinants (inflation and unemployment) in the United States from 1960 to 2005. Bounds test approach is employed to investigate the existence of a long-run relationship. The empirical evidence suggests that inflation and crime rates are cointegrated with a positive relationship. Moreover, the causal link is from inflation and unemployment to crime

Key Words

Crime ; Inflation ; Cointegration ; MWALD ; JEL Classification Code

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