COINTEGRATION OF LONG-SPAN SAVING AND INVESTMENT

Authors
COAKLEY J KULASI F
Citation
J. Coakley et F. Kulasi, COINTEGRATION OF LONG-SPAN SAVING AND INVESTMENT, Economics letters, 54(1), 1997, pp. 1-6
Citations number
10
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
54
Issue
1
Year of publication
1997
Pages
1 - 6
Database
ISI
SICI code
0165-1765(1997)54:1<1:COLSAI>2.0.ZU;2-9
Abstract
We find that saving and investment cointegrate in all or most countrie s in Maddison's (Research Memorandum No. 443, 1991) long span data set by a variety of time series and panel data tests. We interpret our re sults as reflecting current account solvency and not capital immobilit y.