Savings-led growth theories: A time series analysis for Malaysia using the bootstrapping and time-varying causality techniques

Chor Foon Tang

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of this study is to empirically investigate the vindication of savings-led growth hypothesis for the Malaysian economy with the long run TYDL version of Granger causality – 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 long run phenomenon and stable over time. Therefore, the Malaysian dataset supports the endogenous growth theory.

Keywords: Causality; Malaysia; Recursive regression; Savings-growth; Stability (search for similar items in EconPapers)
JEL-codes: C21 E21 O16 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-fdg and nep-sea
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https://mpra.ub.uni-muenchen.de/27625/1/MPRA_paper_27625.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/27971/1/MPRA_paper_27971.pdf revised version (application/pdf)

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