Please use this identifier to cite or link to this item:
Title: Interrelationship between economic growth, savings, and inflation in Asia
Authors: Dholakia, Ravindra H.
Chaturvedi, Vaibhav
Kumar, Brajesh
Keywords: Growth;Savings;Inflation;Simultaneity;Fixed-Effect
Issue Date: 10-Nov-2009
Publisher: Journal of International Economic Studies
Citation: Dholakia, R. H., Chaturvedi, V., & Kumar, B. (2009). Interrelationship Between Economic Growth, Savings, and Inflation in Asia. Journal of International Economic Studies, 23, 1--22.
Abstract: The present study examines the inter-relationship between economic growth, savings rate and inflation for south-east and south Asia in a simultaneous equation framework using two stage least squares with panel data. The relationship between savings rate and growth has been found to be bi-directional and positive. Inflation has a highly significant negative effect on growth but positive effect on savings rate. Inflation is not affected by growth but is largely determined by its past values and savings rate is not affected by interest rate. These findings for countries in Asia with widely divergent values of aggregates are very relevant for development policies and strategies.
Description: Journal of International Economic Studies, 23, (March 2009), pp. 1-22
Appears in Collections:Journal Articles

Files in This Item:
File Description SizeFormat 
  Restricted Access
2.5 MBAdobe PDFView/Open Request a copy

Items in IIMA Institutional Repository are protected by copyright, with all rights reserved, unless otherwise indicated.