Empirical Analysis of the Nexus between Saving and Economic Growth in Selected African Countries (1981–2014)
Journal of Development, VOL. 2,NO. 1,P. 110–129
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| Idioma: | inglés |
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2023
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| Acceso en liña: | https://ir.oauife.edu.ng/123456789/5521 |
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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 | Journal of Development, VOL. 2,NO. 1,P. 110–129 |
| format | Journal |
| id | oai:ir.oauife.edu.ng:123456789-5521 |
| institution | My University |
| language | English |
| publishDate | 2023 |
| publisher | SAGE |
| record_format | dspace |
| spelling | oai:ir.oauife.edu.ng:123456789-55212023-05-13T18:08:29Z Empirical Analysis of the Nexus between Saving and Economic Growth in Selected African Countries (1981–2014) Bolarinwa, Segun Thompson Obembe, Olufemi B. Saving Growth Toda-Yamamoto Causality Sub-Saharan African countries Journal of Development, VOL. 2,NO. 1,P. 110–129 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. 2023-05-13T17:52:19Z 2023-05-13T17:52:19Z 2017 Journal 10.1177/2455133316676420 https://ir.oauife.edu.ng/123456789/5521 en application/pdf SAGE |
| spellingShingle | Saving 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 | Saving Growth Toda-Yamamoto Causality Sub-Saharan African countries |
| url | https://ir.oauife.edu.ng/123456789/5521 |
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