On the validity of the Keynesian Absolute Income hypothesis in Pakistan: An ARDL bounds testing approach

Muhammad Shahbaz, Kishwar Nawaz, Mohamed Arouri, Frédéric Teulon and Gazi Salah Uddin

Economic Modelling, 2013, vol. 35, issue C, 290-296

Abstract: The present paper contributes in existing economic literature by investigating the validity of the Keynesian Absolute Income hypothesis in Pakistan by applying the ARDL approach to cointegration. The findings of this paper validate the Keynesian absolute income hypothesis in Pakistan, where public savings and financial development add in private savings. This study opens up new insights for government to improve the level of private savings.

Keywords: Private savings; Cointegration; Pakistan (search for similar items in EconPapers)
JEL-codes: C4 E2 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:35:y:2013:i:c:p:290-296

DOI: 10.1016/j.econmod.2013.07.018

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