THE ROLE OF SAVINGS ON ECONOMIC GROWTH IN MALAYSIA: A VIEW FROM GENERALIZED VARIANCE DECOMPOSITION ANALYSIS

被引:0
|
作者
Tang, Chor Foon [1 ]
Lean, Hooi Hooi [2 ]
机构
[1] Univ Malaya, Fac Econ & Adm, Dept Econ, Kuala Lumpur, Malaysia
[2] Univ Sains Malaysia, Sch Social Sci, Econ Programme, George Town, Malaysia
关键词
disaggregated savings; economic growth; generalised variance decomposition; FOREIGN-CAPITAL INFLOW; DOMESTIC SAVINGS; ERROR CORRECTION; COINTEGRATION; INVESTMENT; NEXUS;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study examines how much variance of economic growth can be explained by various categories of savings in Malaysia. Bounds testing approach to cointegration and generalised forecast error variance decomposition technique are used to achieve the objectives of this study. We find that the relationship between economic growth and savings in Malaysia are stable and coalescing in the long run. Moreover, the economic growth in Malaysia is dominated by the domestic savings and the impact of foreign savings is relatively insignificant.
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页码:199 / 213
页数:15
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