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Details for article 1 of 8 found articles
| Title: |
An Alternative Framework of Estimating Investment and Saving Functions for Developing Countries: An Application to Time-Series Data for Sub-Sahara African Countries |
| Author: |
Odedokun, M. O. |
| Appeared in: |
International economic journal |
| Paging: | Volume 6 (1992) nr. 3 pages 49-74 |
| Year: |
1992 |
| Contents: |
The study adopts the reduced-form approach that is within the flow-of-funds framework in examining determinants of investment, domestic saving and foreign saving. Time-series annual data for 25 Sub-saharan countries are employed and six possible determinants are considered, with their general primary effects being as follows: (i) foreign reserves availability promotes investment (ii) real interest rate has rather ambiguous effects (iii) change in GDP promotes investment and domestic saving and retards foreign saving (iv) domestic credit availability enhances investment (v) world economic growth reduces foreign saving and (vi) real exchange rate devaluation reduces investment and foreign saving. These primary effects are also with the expected Spillover effects. [O55] |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 1 of 8 found articles
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