On the Impact of Openness and Regulatory Quality on Saving- Investment Dynamics in Emerging Economies

Atul Dar and Sal Amirkhalkhali

Applied Econometrics and International Development, 2011, vol. 11, issue 2

Abstract: This paper attempts to quantify the significance of the domestic saving effort for investment rates in a group of 25 emerging economies over the 1985-2006 period using a varying-coefficients, error-correction model. The model is also used to empirically examine how that significance is influenced by the degree of openness, and by the regulatory framework. Our empirical results provide support for the view that investment rates are not unduly constrained by domestic saving in emerging economies. This is generally more so for relatively open economies, as well as ones with better regulatory quality.

Keywords: Saving-Investment; Openness; Regulatory Quality; Varying Coefficients; Error-Correction Model (search for similar items in EconPapers)
JEL-codes: C23 E21 E22 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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