How Stable is the Savings-led Growth Hypothesis in Malaysia? The Bootstrap Simulation and Recursive Causality Tests

被引：4
作者：
Tang, Chor [1 ]
机构：
[1] Univ Sains Malaysia, Ctr Policy Res & Int Studies, George Town 11800, Penang, Malaysia
来源：
MARGIN-JOURNAL OF APPLIED ECONOMIC RESEARCH | 2015年 / 9卷 / 01期
关键词：
Causality; Malaysia; Recursive regression; Savings-led growth; Stability;
D O I：
10.1177/0973801014557393
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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 Lutkepohl (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.
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页码：1 / 17
页数：17
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