Theoretical and Applied Economics
No. 2 / 2018 (615), Summer
Which comes first – savings or growth? Time series evidence from ECOWAS countries
Ecole Nationale Supérieure de Statistique et d’Economie Appliquée (ENSEA), Abidjan, Côte d’Ivoire
Abstract. This study examines the direction of causality between domestic savings and economic growth in twelve West African countries during the period 1981-2014. It uses the autoregressive distributed lag (ARDL) approach to cointegration and the Granger causality test. The results show that economic growth causes domestic savings in Guinea-Bissau and Nigeria, while the reverse causality running from savings to economic growth holds in Benin, Gambia, Mali, Niger, and Senegal. A two-way causality prevails in Ghana. However, no evidence of causality in either direction was recorded for Burkina Faso, Cote d’Ivoire, Sierra Leone and Togo. These findings show that the direction of causality between savings and growth is country-specific among the West African Countries.
Keywords: savings, economic growth, causality, ECOWAS.
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Contents
- Studying banking performance
from an accounting perspective:
Evidence from Europe
Maria Carmen HUIAN
Marilena MIRONIUC
Oana Iuliana MIHAI
- Corruption, governments’ debts, trade,
and global growth
Wei-Bin ZHANG
- Innovation – trends and patterns
at Romanian firms
Mihaela DIACONU
- How to build an economy free of recession and stagnation:
results from a multi-commodity macro model
Samuel MENG
- Analyzing the employment rate of the population,
unemployment and vacancies in the economy
Constantin ANGHELACHE
Mădălina Gabriela ANGHEL
Ștefan Gabriel DUMBRAVĂ
Lucian ENE
- Studying the political economy of reforms:
The Greek case, 2010-2017
Dimitris P. SKALKOS
- Analysis of the evolution
of the number of pensioners and pensions in Romania
Mădălina Gabriela ANGHEL
Constantin ANGHELACHE
- Inflation unemployment dynamics in Hungary –
A structured cointegration
and vector error correction model approach
Vijay VICTOR
Maria FEKETE FARKAS
Florence JEESON
- Exports, imports and economic growth in India:
Evidence from cointegration and causality analysis
Raju GUNTUKULA
- The role of economic growth and energy consumption
on CO2 emissions in E7 countries
Buhari DOĞAN
Osman DEĞER
