Loading...
The Causal Relation between Savings and Economic Growth: An Empirical Analysis
AbuAl-Foul, Bassam
AbuAl-Foul, Bassam
Description
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.