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Article
On the Casualty Relationship of Economic Growth and Domestic Savings in the ASEAN Economies: A Cointegration Analysis
i-manager’s Journal on Management (JMGT) (2015)
  • Yagoub Elryah, Dr., Xiamen University
  • Nai Qian Qian, Xiamen University
Abstract

This article is conducted to estimate the casualty relationship between economic growth and domestic savings. A cointegration and Granger casualty methods are employed with panel data from Association of South East Asian Nations (ASEAN); we excluded Myanmar from our sample due to unavailability of data. To this end, we extracted time series annual data from the World Bank and Asian Development Bank for the period of 1980 to 2014. The results demonstrate the significant differences of relationship between economic growth and savings among the countries. The study finds that the domestic savings cause the economic growth of Singapore, The Philippines, Brunei and Vietnam. Meanwhile, the economic growth causes the demotic savings of Indonesia, Malaysia and Thailand. A bi-directional causality relationship is showed for Cambodia and Lao PDR.

Keywords
  • GDPG,
  • Granger Causality; Unit Root ADF,
  • Savings,
  • ASEAN.
Publication Date
Summer May 14, 2015
Citation Information
Yagoub Elryah and Nai Qian Qian. "On the Casualty Relationship of Economic Growth and Domestic Savings in the ASEAN Economies: A Cointegration Analysis" i-manager’s Journal on Management (JMGT) Vol. 9 Iss. 4 (2015)
Available at: http://works.bepress.com/yagoub_elryah/40/