Volume : I, Issue : II, July - 2012

Growth – Saving Causality in India: A Cointegration Analysis

Dr. Shradha H. Budhedeo

Abstract :

The objective of this research paper is to empirically examine the growth-saving causal relationship in India for the planned economic era. The paper attempts to investigate the issue: whether growth causes saving or saving leads to growth in the country? The study has examined the long-run causal relationship between saving and national income at levels using the cointegration approach to Granger causality test. Empirical results indicate that in the long-run, the causal relationship is uni-directional from national income to gross domestic saving whereas the short-run causality is bi-directional between saving and income.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Dr. Shradha H. Budhedeo Growth - Saving Causality in India:A Cointegration Analysis International Journal of Scientific Research, Vol.I, Issue.II July 2012

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