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dc.contributor.authorSingh, Tarloken_US
dc.contributor.editorA.M. Costaen_US
dc.date.accessioned2017-04-24T11:48:32Z
dc.date.available2017-04-24T11:48:32Z
dc.date.issued2010en_US
dc.date.modified2010-08-04T02:38:53Z
dc.identifier.issn01618938en_US
dc.identifier.doi10.1016/j.jpolmod.2009.08.008en_AU
dc.identifier.urihttp://hdl.handle.net/10072/33258
dc.description.abstractThis study examines the long-run effects of domestic saving on income and tests the null of non-causality between saving and growth in India. The optimal single-equation and the maximum-likelihood system estimates of the model consistently support the predictions of the neoclassical exogenous and the post-neoclassical endogenous models of economic growth, and suggest the significant long-run effects of saving on income. The innovation accounting shows the bidirectional causality between saving and growth. The stylized evidence for the steady-state effects of saving on income suggests the need to accelerate domestic saving to finance capital accumulation and foster higher income and growth. Most of the saving comes from the surplus household sector, and the deficit private corporate and public sectors draw on household saving to meet their investment requirements and finance the resource gaps. A two-pronged approach with the incentive-based measures to induce the motivation to save and the productivity-based measures to increase income and strengthen the capacity to save, would be useful to generate higher saving and reinforce the acceleration of income and growth.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherElsevieren_US
dc.publisher.placeUnited Statesen_US
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom231en_US
dc.relation.ispartofpageto253en_US
dc.relation.ispartofissue2en_US
dc.relation.ispartofjournalJournal of Policy Modelingen_US
dc.relation.ispartofvolume32en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchApplied Economics not elsewhere classifieden_US
dc.subject.fieldofresearchcode140299en_US
dc.titleDoes Domestic Saving Cause Economic Growth? A Time-Series Evidence from Indiaen_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.issued2010
gro.hasfulltextNo Full Text


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