Does The Keynesian Absolute Income Hypothesis Exist in Pakistan?

Muhammad Shahbaz, Kishwer Nawaz, Mohamed El Hedi Arouri and Frédéric Teulon

MPRA Paper from University Library of Munich, Germany

Abstract: The present paper contributes in existing economic literature by investigating the validation of the Keynesian Absolute Income hypothesis in Pakistan by applying the ARDL approach to cointegration. The findings of this paper indicate the validation of 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; Co-integration; Pakistan (search for similar items in EconPapers)
JEL-codes: C5 (search for similar items in EconPapers)
Date: 2013-07-01, Revised 2013-07-01
New Economics Papers: this item is included in nep-pke
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