Inter-Relationship between Economic Growth, Savings and Inflation in Asia

dc.contributor.author	Chaturvedi, Vaibhav
dc.contributor.author	Kumar, Brajesh
dc.contributor.author	Dholakia, Ravindra H.
dc.date.accessioned	2009-07-29T07:20:40Z
dc.date.available	2009-07-29T07:20:40Z
dc.date.copyright	2008-07
dc.date.issued	2009-07-29T07:20:40Z
dc.identifier.uri	http://hdl.handle.net/11718/118
dc.description.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.	en
dc.language.iso	en	en
dc.relation.ispartofseries	WP;2008-07-01
dc.subject	Growth	en
dc.subject	Savings	en
dc.subject	Inflation	en
dc.subject	Fixed-Effect	en
dc.title	Inter-Relationship between Economic Growth, Savings and Inflation in Asia	en
dc.type	Working Paper	en