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Impacts of Domestic Savings on Economic Growth of Vietnam

Author

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  • Nhung Thi Kim NGUYEN
  • Hiep Huu NGUYEN

Abstract

This paper aims to examine the short run and long run impacts of domestic savings on economic growth of Vietnam during the 1986-2015 period by using ARDL bound testing approach, while accounting for domestic investment and dependency ratio. The short run estimates show that domestic savings, domestic investment and dependency ratio do not have any impacts on economic growth. The long run estimates show that domestic savings and investment are the engines of Vietnam economic growth while dependency ratio has a negative impact on growth.

Suggested Citation

  • Nhung Thi Kim NGUYEN & Hiep Huu NGUYEN, 2017. "Impacts of Domestic Savings on Economic Growth of Vietnam," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 5(3), pages 245-252.
    • Handle: RePEc:asi:ajemod:v:5:y:2017:i:3:p:245-252:id:903
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    Cited by:

    1. Aderopo Raphael Adediyan, 2019. "Public Saving, a Social Vice: Is Keynes Right? Sub-Saharan Africa Economic Growth in Perspective," Asian Development Policy Review, Asian Economic and Social Society, vol. 7(4), pages 297-306, December.

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