EconPapers    
Economics at your fingertips  
 

Which comes first – savings or growth? Time series evidence from ECOWAS countries

Yaya Keho
Additional contact information
Yaya Keho: Ecole Nationale Supérieure de Statistique et d’Economie Appliquée (ENSEA), Abidjan, Côte d’Ivoire

Theoretical and Applied Economics, 2018, vol. XXV, issue 2(615), Summer, 247-254

Abstract: This study examines the direction of causality between domestic savings and economic growth in twelve West African countries during the period 1981-2014. It uses the autoregressive distributed lag (ARDL) approach to cointegration and the Granger causality test. The results show that economic growth causes domestic savings in Guinea-Bissau and Nigeria, while the reverse causality running from savings to economic growth holds in Benin, Gambia, Mali, Niger, and Senegal. A two-way causality prevails in Ghana. However, no evidence of causality in either direction was recorded for Burkina Faso, Cote d’Ivoire, Sierra Leone and Togo. These findings show that the direction of causality between savings and growth is country-specific among the West African Countries.

Keywords: savings; economic growth; causality; ECOWAS. (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://store.ectap.ro/articole/1342.pdf (application/pdf)
http://www.ectap.ro/articol.php?id=1342&rid=131 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:2(615):y:2018:i:2(615):p:247-254

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Marin Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania - AGER Contact information at EDIRC.
Bibliographic data for series maintained by Marin Dinu ().

 
Page updated 2018-06-23
Handle: RePEc:agr:journl:v:2(615):y:2018:i:2(615):p:247-254