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Casual Relationship between Economic Growth and Gross Domestic Savings: Case of Ethiopia

Abstract: 

This study used co - integration and vector error correction model (VECM) to examine the causal relationship between real economic growth and growth rate of real GDS for Ethiopia in the due process, there are two analyses were undertaken. First, the time series properties of real GDP and real GDS were ascertained by using the ADF unit root test procedure. Finally the long-run relationship between real GDP and real GDS was explored by utilizing the Johannes procedure. The estimated results indicate one order of integration or(1) for the two series furthermore, the results of the co-integration tests indicate that there is a long-run relationship between real GDP and real GDS

Corporate Author: 
Alemayehu Seyoum ... [et al.] (editor)
Publisher: 
Ethiopian Economic Association (EEA)
Primary Descriptors: 

Gross Domestic Savings (GDS); GDP

Secondary Descriptor: 

Growth rate of real gross domestic saving (RGDS) - 1960/61-2002/03

Geographic Descriptors: 
Ethiopia
Cataloge Date: 
02/27/2013
Broad Subject heading: 
Economic Growth (real)
Call Number: 
330.963 PRO 2005
Serial Key Title: 
Proceedings of the Second International Conference on the Ethiopian Economy
Publication catagory: 
Content type: 
Volume: 
III
Publication date: 
2013-05-27 23:05:00
Forum or Discussion date: 
2013-02-27 15:02:00
Place of publication: 
Addis Ababa, Ethiopia
Type of material: 
Book
Current frequency: 
Annualy
Author: