文章基本信息

标题：Which comes first – savings or growth? Time series evidence from ECOWAS countries
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作者：Keho, Yaya
期刊名称：Theoretical and Applied Economics
印刷版ISSN：1841-8678
电子版ISSN：1844-0029
出版年度：2018
卷号：XXV
期号：2(615), Summer
页码：247-254
出版社：Asociatia Generala a Economistilor din Romania - AGER
摘要：This study examines the direction of causality between domestic savings and economic growth in twelve West African countries during the period 1981-2014. It uses the autoregressive distributed lag (ARDL) approach to cointegration and the Granger causality test. The results show that economic growth causes domestic savings in Guinea-Bissau and Nigeria, while the reverse causality running from savings to economic growth holds in Benin, Gambia, Mali, Niger, and Senegal. A two-way causality prevails in Ghana. However, no evidence of causality in either direction was recorded for Burkina Faso, Cote d’Ivoire, Sierra Leone and Togo. These findings show that the direction of causality between savings and growth is country-specific among the West African Countries.
关键词：savings; economic growth; causality; ECOWAS.