Cointegrating and causal relationships between saving and growth: The case of Iran / Nur Fakhzan Marwan …[et al.]

Marwan, Nur Fakhzan and Khalid, Norlin and Ahmad, Mahyudin and Samsudin, Mawarti Ashik and Ab Halim, Roslilee (2012) Cointegrating and causal relationships between saving and growth: The case of Iran / Nur Fakhzan Marwan …[et al.]. In: PROSIDING KONAKA 2012, 5 - 6 November 2012, Gambang Resort, Kuantan, Pahang.

Abstract

This paper examines the long-run causal relationship between saving and economic growth for Iran for the period 1967-2010. Applying the multivariate cointegration techniques and Toda and Yamamoto causality test, it is found that the stability of savings-led growth hypothesis in the long run is not applied for this country. On the other hand, it is found that there is a unidirectional causality running from economic growth to saving for Iran. Evidently, the empirical results cast further doubt on the relevance of the domestic saving used as a target variable for economic development.

Metadata

Item Type: Conference or Workshop Item (Paper)
Creators:
Creators
Email / ID Num.
Marwan, Nur Fakhzan
nurfakhzan@pahang.uitm.edu.my
Khalid, Norlin
norlin_81@yahoo.com
Ahmad, Mahyudin
mahyudin@kedah.uitm.edu.my
Samsudin, Mawarti Ashik
mawarti@pahang.uitm.edu.my
Ab Halim, Roslilee
roslilee@pahang.uitm.edu.my
Subjects: H Social Sciences > HB Economic Theory. Demography > Economics
H Social Sciences > HB Economic Theory. Demography > Macroeconomics
H Social Sciences > HB Economic Theory. Demography > Business cycles. Economic fluctuations. Economic indicators
Divisions: Universiti Teknologi MARA, Pahang > Jengka Campus
Event Title: PROSIDING KONAKA 2012
Event Dates: 5 - 6 November 2012
Page Range: pp. 370-373
Keywords: Saving, Economic growth, Toda-Yamamoto Causality, Iran
Date: 2012
URI: https://ir.uitm.edu.my/id/eprint/50219
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