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  1. Co-operative University, Thanlyin
  1. Co-operative University, Thanlyin
  2. Department of Economics

Saving-Economic Growth Nexus in Myanmar: Co-integration and Causality analysis

https://meral.edu.mm/records/8122
https://meral.edu.mm/records/8122
f8cb52ac-20ee-463b-8695-26e64fa0e0d8
ba13abbd-d22f-4cfd-b5e9-56cefc49ef38
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Journal article
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Publication
Title
Title Saving-Economic Growth Nexus in Myanmar: Co-integration and Causality analysis
Language en
Publication date 2022-02-01
Authors
Zaw Htet Pine
Description
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.
Keywords
Saving, , Economic growth, Gross Domestic Product, Vector Error correction model, Keynes's theory, Solow's model
Journal articles
Journal of the University of Co-operative and Management , Thanlyin ,2022
55 - 65
Vol.5
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