Have a personal or library account? Click to login

The Causal Link Between Savings and Economic Growth in Bosnia and Herzegovina

Open Access
|Dec 2021

References

  1. AbuAl-Foul, B. 2010. The causal relation between savings and economic growth: Some evidence from MENA countries. Topic in Middle Eastern and African Economies 12: 1-12.
  2. Adam, I. O., Musah, A., Ibrahim, M. 2017. Putting the cart before the horse? Re-examining the relatonship between domestic savings and economic growth in selected Sub-Saharan African countries. Journal of African Business, 18 (1): 102-123.10.1080/15228916.2016.1225472
  3. Agrawal, P. 2000. Savings, investment and growth in South Asia. Mumbai: Indira Gandhi Institute of Development Research.
  4. Agrawal, P. 2001. The relation between savings and growth: Cointegration and causality evidence from Asia. Applied Economics, 33(4): 499-513.10.1080/00036840122210
  5. Agency for Statistics of Bosnia and Herzegovina. 2016. Announcement, Gross Domestic Product-Quarterly Data, No. 4.
  6. Agency for Statistics of Bosnia and Herzegovina. 2013. Announcement, Gross Domestic Product-Quarterly Data, No. 1.
  7. Alguacil, M., Cuadros, A., Orts, V. 2004. Does saving really matter for growth? Mexico (1970–2000). Journal of International Development. 16(2): 281-290.10.1002/jid.1075
  8. Bahovec, V. and Erjavec, N. 2009). Uvod u ekonometrijsku analizu, Element.
  9. Basu, T., Barik, D., Arokiasamy, P. 2013. Demographic Determinants of Economic Growth in BRICS and selected Developed Countries, Presented in XXVII IUSSP International Population Conference (IUSSP-2013). August 2013 at BEXCO. Busan, Republic of Korea.
  10. Bayar, Y. 2014. Financial development and domestic savings in emerging Asian countries, Theoretical and applied economics. 21(7 – 596): 55-66.
  11. Central Bank of Bosnia and Herzegovina, Quarterly Bulletins: from Bulletin 2 in 2000 to Bulletin 3 in 2016.
  12. Crenshaw, E., Robison, K. 2010. Socio-demographic Determinants of Economic Growth: Age Structure, Preindustrial Heritage and Sociolingustic Integration. Social Forces. 88 (5): 2217-2240.10.1353/sof.2010.0034
  13. Čokalović, B., Hlivnjak, S. 2007. Estimate of quarterly GDP for the period 2000-2006. ISSN 1840-2593. Central Bank of Bosnia and Herzegovina. Department of Economic Research, Statistics and Publications.
  14. Cullison,W. E. 1993. Saving measures as economic growth indicators. Contemporary Policy Issues. 11(1): 1-8.10.1111/j.1465-7287.1993.tb00366.x
  15. Dhakal, D., Grabowski, R., Shields, M. P. 1992. The role of savings in economic development: The U.S. and Japanese experiences. Japan and the World Economy. 3(4): 331-340.10.1016/0922-1425(92)90002-8
  16. Diep, V. T. T. 2015. Demographic Factors and Economic Growth: The Bi-directional causality in South East Asia. The ninth Vietnam Economists Annual Meeting. Da Nang City. August 2015.
  17. Domar, E. D. 1946. Capital expansion, rate of growth, and employment. Econometrica, Journal of the Econometric Society: 137-147.10.2307/1905364
  18. Granger, C. W. J. 1969. Investigating Causal Relations by Econometric Models and Cross-Spectral Methods. Econometrica. 37: 424 - 438.10.2307/1912791
  19. Granger, C. W. 1988. Causality, cointegration, and control. Journal of Economic Dynamics and Control. 12(2-3): 551-559.10.1016/0165-1889(88)90055-3
  20. Gorodnichenko, Y., Roland, G. 2016. Culture, institutions and the wealth of nations. Review of Economics and Statistic. 99 (3): 402-416.10.1162/REST_a_00599
  21. Guma, N., Bonga-Bonga, L. (2016). The relationship between savings and economic growth at the disaggregated level. Economia Internazionale/International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova. 70(1): 1-24.
  22. Harrod, R. F. 1939. An essay in dynamic theory. The Economic Journal. 49(193): 14-33.10.2307/2225181
  23. Harrod, R. F. 1948. Towards a dynamic economics, London, Macmillan.
  24. Jagadeesh, D. (2015). The impact of savings in economic growth: an empirical study based on Botswana. International Journal. 2: 10 - 21.
  25. Joshi, A., Pardhan, S., Bist, J. P. 2019. Savings, investment and growzh in Nepal: an empirical analysis. Financial Innovation. 5 (1): 1-13.10.1186/s40854-019-0154-0
  26. Keynes, J. M. 1936. The general theory of interest, employment and money. Macmillan.
  27. Kim, N. T. and Nguyen, H. H. 2017. Impacts of domestic savings on economic growth of Vietnam. Asian Journal of Economic Modelling. 5(3): 245-252.10.18488/journal.8.2017.53.245.252
  28. Konya, L. 2005. Saving and growth: Granger causality analysis with bootstrapping on panels of countries. Journal of Economic Research. 10: 231-260.
  29. Kreso, S. and Begović, S. 2012. Maturity (mis) matching in currency board (like) regimes. Interdisciplinary management research. 8: 423 – 428.
  30. Mankiw, N.G, Romer D., Weil, D. N. 1992. A Contribution to the Empirics of Economic Growth. The Quarterly Journal of Economics. Oxford University Press. 107(2): 407 - 437.10.2307/2118477
  31. Maziarz, M. 2015. A review of the Granger-causality fallacy. The journal of philosophical economics: Reflections on economic and social issues 8(2): 86-105.10.46298/jpe.10676
  32. Mohan, R. 2006. Causal Relationship Between Savings and Economic Growth in Countries with Different Income Levels. Economics Bulletin. 5: 1 - 12.
  33. Nwanne, T. F. I. 2016. Implication of savings and investment on economic growth in Nigeria. International Journal of Small Business and Entrepreneurship Research. 2(4): 74-86.
  34. Olajide S. O. 2009. Does Saving Really Matter for Growth in Developing Countries? The Case of a Small Open Economy. http://economics.ca/2009/papers/0619.pdf. (accessed November 10, 2016)
  35. Patra, S. K., Murthy, D. S., Kuruva, M. B., Mohanty, A. 2017. Revisiting the causal nexus between savings and economic growth in India: An empirical analysis. Economia. 18 (3): 380-391.10.1016/j.econ.2017.05.001
  36. Prskawetz, A., Fent, T., Barthel, W. 2007. The Relationship Between Demographic Change and economic Growth in EU. Institut fur Demographie. Osterreichische Akademie der Wissenschaften, Forschungsbericht. No. 32. https://www.oeaw.ac.at/fileadmin/subsites/Institute/VID/PDF/Publications/Forschungsberichte/FB32.pdf. (accessed November 15, 2016).
  37. Ribaj, A., Mexhuani, F. 2021. The impact of savings on economic growth in a developing country (the case of Kosovo). Journal of Innovation and Entrepreneurship. 10 (1): 3-13.10.1186/s13731-020-00140-6
  38. Saltz, I. S. 1999. An examination of the causal relationship between savings and growth in the Third World. Journal of Economics and Finance. 23(1): 90-98.10.1007/BF02752690
  39. Shah, R. K., (2015), Saving and Economic Growth in South Asia: Evidence from Time Series Analysis. Economic Journal of Nepal. https://www.econbiz.de/Record/saving-and-economic. (accessed November 10, 2016)
  40. Sinha, D. 1996. Saving and economic growth in India. Economia Internazionale. 49 (4): 637-647.
  41. Solow, R. M. 1956). A contribution to the theory of economic growth. The quarterly journal of economics. 70 (1): 65-94.10.2307/1884513
  42. Tang, C. F. 2008. An empirical modelling on savings behaviour in Malaysia. Labuan Bulletin of International Business and Finance. 6: 57-76.10.51200/lbibf.v6i.2593
  43. Tang, C. F. 2009a. Does causality technique matter to savings-growth nexus in Malaysia?. Malaysian Management Journal. 13(1-2): 1-10.10.32890/mmj.13.1-2.2009.8957
  44. Tang, C. F. 2009b. The savings-growth nexus for Asian economies: New evidence from the timevarying econometrics methods. Paper presented at the Symposium of USM Fellowship Holders 2009. Universiti Sains Malaysia. Penang. Malaysia. 14-15 November.
  45. Tang, C. F. and Tan, B. W. 2014. A revalidation of the savings-growth nexus in Pakistan. Economic Modelling. 36: 370-377.10.1016/j.econmod.2013.10.012
  46. Turan, G. and Gjergji, O. 2014. What is the Impact of Savings on Growth? The Case of Small Open Economy (Albania). Mediterranean Journal of Social Sciences. 5 (13): 360-368.10.5901/mjss.2014.v5n13p360
  47. Yanagizawa-Drott, D. and Compante, F. 2015. Does religion Affect Economic Growth and Happiness? Evidence from Ramadan. The Quarterly Journal of Economics. 130 (2): 615-658.10.1093/qje/qjv002
  48. Wyk, B. F. and Kapingura, F., M. 2021. Unerstanding the nexus between savings and economic growth: A South African context. Development Southern Africa. 38 (5): 828-844.10.1080/0376835X.2021.1932424
Language: English
Page range: 114 - 131
Published on: Dec 30, 2021
Published by: University of Sarajevo
In partnership with: Paradigm Publishing Services
Publication frequency: 2 times per year

© 2021 Irma Đidelija, published by University of Sarajevo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.