The Saving-Investment Dynamics And Financial Sector Reforms in India

James 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: F21 O16 O53 (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-cwa and nep-dev
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:14498

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