Empirical Analysis of the Nexus between Saving and Economic Growth in Selected African Countries (1981–2014)
International Journal of Sage,P.111-129
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2023
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| author | Bolarinwa, Segun Thompson Obembe, Olufemi B. |
| author_facet | Bolarinwa, Segun Thompson Obembe, Olufemi B. |
| author_sort | Bolarinwa, Segun Thompson |
| collection | DSpace |
| description | International Journal of Sage,P.111-129 |
| format | Journal |
| id | oai:ir.oauife.edu.ng:123456789-5484 |
| institution | My University |
| language | English |
| publishDate | 2023 |
| publisher | SAGE |
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| spelling | oai:ir.oauife.edu.ng:123456789-54842023-05-13T18:08:28Z Empirical Analysis of the Nexus between Saving and Economic Growth in Selected African Countries (1981–2014) Bolarinwa, Segun Thompson Obembe, Olufemi B. Savings Growth Toda-Yamamoto Causality Sub-Saharan African countries International Journal of Sage,P.111-129 This empirical study investigates the direction of causality between gross domestic saving and economic growth among the six sub-Saharan African fastest growing economies as reported by African Development Bank between 1981 and 2014 using the recently developed methodologies of autoregressive distributed lag (ARDL) and the Toda and Yamamoto causality test. The result shows the existence of unidirectional causality running from economic growth to gross domestic saving for Ghana and Burkina Faso, while gross domestic saving Granger causes economic growth in Liberia, Niger and Sierra Leone, indicating a unidirectional causality. However, no causality is recorded for Nigeria. The empirical study, therefore, concludes that the direction of causality is mixed and country-specific among the sub-Saharan African fastest growing economies. 2023-05-13T17:48:09Z 2023-05-13T17:48:09Z 2017 Journal 10.1177/2455133316676420 https://ir.oauife.edu.ng/123456789/5484 en application/pdf SAGE |
| spellingShingle | Savings Growth Toda-Yamamoto Causality Sub-Saharan African countries Bolarinwa, Segun Thompson Obembe, Olufemi B. Empirical Analysis of the Nexus between Saving and Economic Growth in Selected African Countries (1981–2014) |
| title | Empirical Analysis of the Nexus between Saving and Economic Growth in Selected African Countries (1981–2014) |
| title_full | Empirical Analysis of the Nexus between Saving and Economic Growth in Selected African Countries (1981–2014) |
| title_fullStr | Empirical Analysis of the Nexus between Saving and Economic Growth in Selected African Countries (1981–2014) |
| title_full_unstemmed | Empirical Analysis of the Nexus between Saving and Economic Growth in Selected African Countries (1981–2014) |
| title_short | Empirical Analysis of the Nexus between Saving and Economic Growth in Selected African Countries (1981–2014) |
| title_sort | empirical analysis of the nexus between saving and economic growth in selected african countries 1981 2014 |
| topic | Savings Growth Toda-Yamamoto Causality Sub-Saharan African countries |
| url | https://ir.oauife.edu.ng/123456789/5484 |
| work_keys_str_mv | AT bolarinwasegunthompson empiricalanalysisofthenexusbetweensavingandeconomicgrowthinselectedafricancountries19812014 AT obembeolufemib empiricalanalysisofthenexusbetweensavingandeconomicgrowthinselectedafricancountries19812014 |