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The Causal Relation between Savings and Economic Growth: An Empirical Analysis

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  • Bassam AbuAl-Foul

Abstract

This paper examines the causal relation between savings and economic growth for Morocco and Tunisia using Autoregressive Distributed Lag (ARDL) approach to cointegration. The results support bidirectional causality between economic growth and savings growth for Morocco. However, for Tunisia, the results suggest a unidirectional causality from saving growth to economic growth.

Suggested Citation

  • Bassam AbuAl-Foul, "undated". "The Causal Relation between Savings and Economic Growth: An Empirical Analysis," Economics Working Papers 06-05/2015, School of Business Administration, American University of Sharjah.
    • Handle: RePEc:sha:ecowps:06-05/2015
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    Cointegration; ARDL approach; Savings and Economic Growth; Causality; MENA region.;
    All these keywords.

    JEL classification:

    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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