Relationships among household saving, public saving, corporate saving and economic growth in India

Dipendra Sinha () and Tapen Sinha

Journal of International Development, 2008, vol. 20, issue 2, 181-186

Abstract: This paper examines the relationship between the growth rates of household saving, public saving, corporate saving and economic growth in India using multivariate Granger causality tests. The conventional wisdom suggests that the causality flows from saving to economic growth. We show that the causality goes in the opposite direction for India. Hence, higher saving is the consequence of higher economic growth and not a cause. Such evidence is consistent with models of habit formation. Copyright © 2007 John Wiley & Sons, Ltd.

Date: 2008
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Working Paper: Relationships among Household Saving, Public Saving, Corporate Saving and Economic Growth in India (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jintdv:v:20:y:2008:i:2:p:181-186

DOI: 10.1002/jid.1414

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