The Saving-Investment Dynamics And Financial Sector Reforms in India

James B. Ang ()

MPRA Paper from University Library of Munich, Germany

Abstract: While many developing countries have reformed their financial systems over the last few decades, how an increased level of financial liberalization affects the saving-investment relationship remains unclear. This paper examines the dynamic relationship between the domestic saving and investment rates in India by controlling for the level of financial liberalization. Using data over the period 1950-2005, the results indicate that greater financial liberalization enables more domestic resources to be channeled to investment activities.

Keywords: Saving; Investment; Financial Liberalization; India. (search for similar items in EconPapers)
JEL-codes: O53 O16 F21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cwa and nep-dev
Date: 2009
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