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dc.contributor.authorSingh, Tarloken_US
dc.contributor.editorS. Hall and P. Paulyen_US
dc.date.accessioned2017-05-03T14:30:23Z
dc.date.available2017-05-03T14:30:23Z
dc.date.issued2008en_US
dc.date.modified2011-06-13T22:58:14Z
dc.identifier.issn02649993en_US
dc.identifier.doi10.1016/j.econmod.2008.01.009en_AU
dc.identifier.urihttp://hdl.handle.net/10072/22111
dc.description.abstractThis study tests the Saving-Investment correlations in India using both single-equation and system estimators. All the estimators suggest the cointegrating relationship between saving and investment, and the results are robust to the choice of estimator. The conventional and new CUSUM tests show long-run stability of equilibrium residuals and reinforce the cointegrating relationship between the model series. The slope parameter on saving is significantly different from zero, but not from one. These results support the FH hypothesis and suggest the imperfect mobility of capital and home-bias in the asset portfolio of domestic investors. The heavy reliance of investment on domestic saving also reinforces the 'Lucas Puzzle' on the lack of capital flows from the developed countries to the developing countries with scare capital and higher marginal product of capital.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherElsevieren_US
dc.publisher.placeThe United Kingdomen_US
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom1064en_US
dc.relation.ispartofpageto1079en_US
dc.relation.ispartofeditionSeptemberen_US
dc.relation.ispartofissue5en_US
dc.relation.ispartofjournalEconomic Modellingen_US
dc.relation.ispartofvolume25en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchInternational Economics and International Financeen_US
dc.subject.fieldofresearchcode140210en_US
dc.titleTesting the Saving-Investment correlations in India: An Evidence from single-equation and system estimators.en_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.date.issued2008
gro.hasfulltextNo Full Text


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