2024-03-29T01:08:09Z
https://meral.edu.mm/oai
oai:meral.edu.mm:recid/00008122
2023-01-20T05:23:10Z
1607959986665
1607959986665:1608033491973
Saving-Economic Growth Nexus in Myanmar: Co-integration and Causality analysis
Zaw Htet Pine
Savings are important at both Micro and Macro level of a country. Increased Saving of people raises the economic growth and encourages investment source for the development of economy. This paper aimed at investigating causal relationship between gross domestic saving and economic growth (measuring with GDP in general sense) and identifying this relationship is unidirectional or bidirectional in Myanmar. And it is to test fitting of Solow's model and Keynes's theory for Myanmar. The study covers the period (1961- 2018). Methodology is based on the econometrics analytical approach to evaluate two -variable relationship by employing Augmented Dickey-fuller test, co-integration, Vector Error correction model and causality techniques. The study found that saving has a positive impact on economic growth in the long-term and Solow's model is consistent with Myanmar.
2022-02-01
https://meral.edu.mm/records/8122