Saving-investment dynamics and capital mobility in the newly industrailized countries

dc.contributor.author	Behera, S.R.
dc.date.accessioned	2023-01-23T15:35:17Z
dc.date.available	2023-01-23T15:35:17Z
dc.date.issued	2023-01-23
dc.identifier.uri	http://localhost:8080/xmlui/handle/123456789/4352
dc.description.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.	en_US
dc.language.iso	en_US	en_US
dc.subject	Capital mobility	en_US
dc.subject	Error correction models	en_US
dc.subject	Investment	en_US
dc.subject	Saving	en_US
dc.title	Saving-investment dynamics and capital mobility in the newly industrailized countries	en_US
dc.type	Article	en_US