Cointegration between Investment and Saving in Selected Asian Countries: ARDL Bounds Testing Procedure

Komain Jiranyakul and Tantatape Brahmasrene

MPRA Paper from University Library of Munich, Germany

Abstract: This paper investigates empirically the relationship between savings and investment in Indonesia, Philippines and Thailand by employing the bounds testing procedure. There are not many studies on the Feldstein-Horioka puzzle for the developing countries. Using bounds testing for cointegration, the results do not support a positive correlation between savings and investment in these three Asian countries.

Keywords: Savings; investment; bounds test; cointegration (search for similar items in EconPapers)
JEL-codes: C22 E21 E22 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:45076

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