Are saving and investment cointegrated? The case of Malaysia (1965-2003)

James B. Ang*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

45 Citations (Scopus)

Abstract

This article examines whether domestic saving rate leads to higher domestic investment rate in the case of Malaysia. We argue that the results obtained from cross-sectional studies are not able to address this issue satisfactorily and highlight the importance of individual country case studies. Using the recently developed autoregressive distributed lag bounds testing procedure, the results reveal a robust cointegrated relationship between domestic saving and investment rates during the period 1965 to 2003.

Original languageEnglish
Pages (from-to)2167-2174
Number of pages8
JournalApplied Economics
Volume39
Issue number17
DOIs
Publication statusPublished - Sept 2007

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