The saving–investment relationship revisited: New evidence from multivariate heterogeneous panel cointegration analyses

Chakrabarti, Avik

doi:10.1016/j.jce.2006.02.001

Cited by 47 publications

(32 citation statements)

References 56 publications

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“…We find that both savings and investment data exhibit non-stationarity because the null hypothesis cannot be rejected consistently. These findings are broadly in line with most existing evidence from a wide variety of samples, such as Ho (2002), Coakley et al(2004), Kim et al(2005), Chakrabarti (2006) and Adedeji and Thornton (2008). Nevertheless, opposite results have been provided in BDW (2004), which also implement the IPS procedure for a panel of Chinese provinces but, as mentioned previously, with a smaller time series dimension, namely over 1978 to 2001.…”

supporting

confidence: 91%

Savings, investment, and capital mobility within China

Li¹

2010

China Economic Review

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supporting

confidence: 91%

Savings, investment, and capital mobility within China

Li¹

2010

China Economic Review

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“…From our paper's perspective studies that have made significant contributions to the literature on the OECD countries are Feldstein and Horioka (1980), Feldstein (1983), Sachs (1981, 1983, Caprio and Howard (1984), Penati and Dooley (1984), Feldstein and Bachetta (1991), Tesar (1991), Bodman (1995), Coakley et.al (1996Coakley et.al ( , 2003Coakley et.al ( and 2004, Ghosh (1995), Lemmen and Eijffinger (1995), Barkoulas et al (1996), Tsoulfidis (1997), Hussein (1998), Kim (2001), Blanchard and Giavazzi (2002), Amirkhalkhali et al (2003), Kasuga (2004), Giannone and Lenza (2004), Bahmani-Oskooee andChakrabarti (2005), Georgopoulos andHejazi (2005), Chakrabarti (2006), Katsimi and Moutos (2007), Di Iorio and Fachin (2007), Christopoulos (2007), Grier et.al (2008 and Fouquau et.al (2009 Tesar (1991Tesar ( ) 1960Tesar ( -1986Tesar ( 1960Tesar ( -1974Tesar ( 1975Tesar ( -1986 Giannone and Lenza (2004) 1970-19991970-19791980…”

Section: Survey Of Empirical Literaturementioning

confidence: 99%

Systems GMM estimates of the Feldstein–Horioka puzzle for the OECD countries and tests for structural breaks

2010

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“…Son olarak, FHP'yi panel veri analizi kapsamında inceleyen belli başlı çalış-maları; Krol, 1996;Vamvakidis ve Wacziarg, 1998;Jansen, 2000;Corbin, 2001;Blanchard ve Giavazzi, 2002;Ho, 2002;Coakley vd., 2004;Kim vd., 2005;Chakrabarti, 2006;Di Lorio ve Fachin, 2007;Christopoulos, 2007;Fouquau vd., 2008;Adedeji ve Thornton, 2008;Kollias vd., 2008;Georgopoulos ve Hejazi, 2009;Murthy, 2009, Kumar ve Rao, 2009Rao vd., 2010;Narayan ve Narayan, 2010;Bangake ve Eggoh, 2011;Ayaydın ve Baltacı, 2012;Erataş vd., 2013;Göçer vd., 2013;Ketenci, 2013;Mercan, 2014;Yalçınkaya ve Hüseyni, 2016 şeklinde belirtmek mümkün olmaktadır. Yurtiçi tasarruflar ile yatırımlar arasındaki ilişkileri FH (1980) yaklaşımını temel alarak yatay kesit, zaman serisi ve panel veri analizi kapsamında farklı metodolojileri kullanarak inceleyen söz konusu bu çalışmalardan bazıları ulaştıkları sonuçlar özelinde en eski tarihten başlanarak güncele doğru listelenmiş ve Tablo 1'de sunulmuştur.…”

Section: International Journal Of Economic and Administrative Studiesunclassified

Tasarruf-Yatirim Ve Sermaye Hareketli̇li̇ği̇ni̇n Anali̇zi̇: Yükselen Pi̇yasa Ekonomi̇leri̇ Üzeri̇nde Bi̇r Uygulama (1992-2014)

Hüseyni¹,

Yalçınkaya²

2016

Uluslararası İktisadi Ve İdari İncelemeler Dergisi

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ÖZÜlkelerin sürdürülebilir bir ekonomik büyüme ivmesini yakalayabilmeleri üzerinde yurtiçi tasarruflar ile yurtiçi yatırımlar arasındaki ilişkilerin varlığı/nasıllığı son derece belirleyici bir rol oynamaktadır. Nitekim ekonomik büyüme verimlilik artışlarından bağımsız olarak yatırımlarla gerçekleşmekte, yatırımlar ise ancak tasarruflarla karşılanabilmektedir. Bu noktada, yurtiçi tasarrufların yurtiçi yatırımları karşılama oranı-nın ya da yurtiçi yatırımların yabancı tasarruflara olan bağımlılığının belirlenmesi gerekmektedir. Bu doğ-rultuda çalışmada, yurtiçi tasarruflar ile yurtiçi yatırımlar arasındaki ilişkilerin uluslararası arenada BRICS, MINT ve Kırılgan Beşli olarak lanse edilen yükselen piyasa ekonomilerinde Feldstein-Horioka Hipotezi çerçevesinde, 1992-2014 dönemine ait verilerle ve yatay kesit bağımlılığını dikkate alan yeni nesil panel veri analizi metodolojisi ile incelenmesi amaçlanmıştır. Çalışma sonucunda, tanımlanan ülke gruplarında yurtiçi tasarrufların yurtiçi yatırımları karşılama oranlarının, yani sermaye hareketliliğinin derecesinin ülke gruplarına göre önemli ölçüde değiştiği belirlenmiştir. Bununla birlikte, çalışmada BRICS, MINT ve Kırıl-gan Beşli ülke grupları üzerinde Feldstein-Horioka Hipotezinin geçerli olmadığı, aksine bu ülkelerde Feldstein-Horioka Paradoksunun nispeten sürmekte olduğu sonucuna ulaşılmıştır. THE ANALYSIS OF SAVINGS-INVESTMENT AND CAPITAL MOBILITY: AN APPLICATION ON EMERGING MARKET ECONOMIES (1992-2014) ABSTRACTThe countries over be able to capture sustainable economic growth acceleration, it is played an extremely decisive role that the presence/nature of the relationship between domestic savings and domestic investments. Indeed, economic growth as regardless of productivity increase has to took placed with investments, the investments simply can be met by savings. At this point, it is required that identification the ratio of domestic savings to meet domestic investments or domestic investments of dependence on foreign savings. In this respect the study, it is aimed that in emerging market economies which are launched as BRICS, MINT and Fragile Five in the international arena, in the frame Feldstein-Horioka Hypothesis, the relationship between domestic savings and domestic investments investigation by using a new generation of panel data analysis methodology which cross-section dependence taking into account and data for the period 1992-2014. As a result of the study, it has been determined that the ratios of domestic savings to meet domestic investments namely the degree of capital mobility according to the country groups significantly is varied. At the same time, in the study it has been concluded that Feldstein-Horioka Hypothesis is not validated on BRICS, MINT and Fragile Five countries groups, conversely Feldstein-Horioka Paradox is relatively continued in these countries.

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The saving–investment relationship revisited: New evidence from multivariate heterogeneous panel cointegration analyses

Cited by 47 publications

References 56 publications

Savings, investment, and capital mobility within China

Savings, investment, and capital mobility within China

Systems GMM estimates of the Feldstein–Horioka puzzle for the OECD countries and tests for structural breaks

Tasarruf-Yatirim Ve Sermaye Hareketli̇li̇ği̇ni̇n Anali̇zi̇: Yükselen Pi̇yasa Ekonomi̇leri̇ Üzeri̇nde Bi̇r Uygulama (1992-2014)

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