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The savings and growth nexus in Bangladesh

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WORKING-PAPER_Savings-and-Growth-Nexus.pdf.pdf (439.85 KB)

Date

2021-09

Publisher

BRAC Institute of Governance and Development

Authors

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URI

http://hdl.handle.net/10361/15831

Citation

Abstract

The paper investigates the causal relationship between Bangladesh’s gross domestic savings (GDS) and gross domestic product (GDP). Using yearly time series data from 1980 to 2018, we employ two short-run and one long-run causality tests to identify the direction of causality between these two variables. We find unidirectional causality running from growth to savings in the short run. However, long-run causality is not found in any direction under any of the tests.

Keywords

Savings, Growth, VECM, Granger causality, Bangladesh JEL classification

Description

Publisher Link

https://bigd.bracu.ac.bd/publications/the-savings-and-growth-nexus-in-bangladesh/

Department

Type

Working Paper

Collections

Working Papers (BRAC Institute of Governance and Development)