Causality between Saving and Economic growth in India
Journal Title: International Journal of Research in Social Sciences - Year 2017, Vol 7, Issue 12
Abstract
The objective of this paper is to examine Co-integration and the direction of causality between savings and growth as these have important implications for development policy. We estimate long run interrelationships between sectoral savings and their roles in the process for growth in India for the period 1952 to 2013. We also carry out an analysis of the direction of causality between savings and growth. We hypothesize that gross domestic household saving is more important in determining GDP. We find that gross domestic saving, their components such as HHS, PCS and PS and the sub sectors of HHS such as FS and PhS are co-integrated with GDP. However, the results of causality tests suggest that there is a one-way causation from growth of GDP to the total saving rates, HHS, Financial saving (sub sector of HHS), and PCS. In the case of Public saving, physical saving (sub sector of HHS) and the growth of GDP it is indicated that the causality does not run in any direction.
Authors and Affiliations
Pandey Jayshree Jawahar
Keywords
Related Articles
- EP ID EP20734
- DOI -
- Views 350
- Downloads 13
Traditional Occupation: A Comparative Study Amont the Deoris of Assam and Arunachal Pradesh
Change is the nature of life, and hence modifications take place in every human society and culture; and the Deoris are of no exception. The Deoris are known for their expertise in priestly works since time immemorial...
The Question of Social Inclusion: Telangana State after Bifurcation
The present new state of Telangana is a resolution of prolonged statehood movement of the masses due to structural deprivation and exclusion from the development processes over the years in the united Andhra Pradesh. T...
“VISIONARY APPROACH OF–Ethiopia’’ MILLENIUM DEVELOPMENT GOALS - A BENCHMARK
Ethiopia has a vision of achieving its objectives as poverty reduction, primary education empowerment of women and maternal Health, Child mortality, Gender equality. The researchers assessed with the help of secondary...
Cultivation Practices of Small Cardamom Growers - A Study in Western Ghats of South India
This article is based on a sample study conducted among 300 cardamom planters in three states viz., Tamil Nadu, Kerala and Karnataka. The study was conducted so as to understanding the cultivation practices of cardamom...
An Exploratory Study on Increasing Social Undermining in Organisations: A SocioPsychological Leadership Perspective
Social undermining happens when negative emotions are expressed against any person/employee or negatively framing issues around a person/employee from achieving their goals in an organisation. The undermining can happe...