Please use this identifier to cite or link to this item: http://dspace.iitrpr.ac.in:8080/xmlui/handle/123456789/4352
Title: Saving-investment dynamics and capital mobility in the newly industrailized countries
Authors: Behera, S.R.
Keywords: Capital mobility
Error correction models
Investment
Saving
Issue Date: 23-Jan-2023
Abstract: This paper examines the dynamics of saving-investment (S-I) relationship in a group of 10 newly industrialized countries (NICs) over the period from 1970 to 2010 using a panel error correction model. By applying the Pedroni and Westerlund cointegration tests, we find that the saving and investment are cointegrated. We apply the fully modified OLS and dynamic OLS to a set of panel error correction models to estimate the short-and long-run relationship between S-I rates and interest rate differentials. We find that the degree of capital mobility is higher when the NICs are more open to their capital control policies after 1980s.
URI: http://localhost:8080/xmlui/handle/123456789/4352
Appears in Collections:Year-2017

Files in This Item:
File Description SizeFormat 
Full Text.pdf207.58 kBAdobe PDFView/Open    Request a copy


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.