文章基本信息

标题：The Feldstein-Horioka paradox in the perspective of foreign direct investment (FDI): A pragmatic validation
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作者：Tariq Hussain ; Bilal Mehmood ; M. W. Siddiqi 等
期刊名称：African Journal of Business Management
印刷版ISSN：1993-8233
出版年度：2011
卷号：5
期号：16
页码：6839-6844
DOI：10.5897/AJBM10.1560
语种：English
出版社：Academic Journals
摘要：The purpose of this study is to test fundamental relationship between domestic saving and domestic investment for Pakistan from 1972 to 2008. Saving and investment are closely related to highlight the economic state of affairs of a country. Saving is a strapping source to enhance investment. Raising income enables people to increase consumption and saving levels. The higher the level of income will improve the level of saving and ultimately investment will go up. Johanson co-integration shows that there is a long run relationship between saving and investment. For short run dynamics and causality, the study utilizes vector error correction model (VECM). The results of VECM indicate that there is short and long run causal relation between saving and investment.
关键词：Feldstine-Horioka; foreign direct investment (FDI); Johanson co-integration; Pakistan