- Accueil >
- Maalama Textuelle >
- Développement écon... >
- Développement écon... >
- Finances >
- Epargne >
- The Relationship Between Savings and Investment in MENA Countries
The Relationship Between Savings and Investment in MENA Countries
Auteur :
AbuAl-Foul
Bassam
Année de Publication :
2006
Type : Article
Thème : Finances
Couverture :
Maroc
URL Article :
www.usi.edu/Business/mbea/2006/81-85AbuAl-Foul2006.pdfURL Source :
www.usi.edu 
Télécharger le document :
(270,95 kB) The_Relationship_Between_Savings_and_Investment_in_MENA_Countries.pdfRésumé/Sommaire :
The debate over the correlation between saving and investment has been initiated by the work of Feldstein and Horioka (1980). Feldstein and Horioka (1980) investigated the link between saving and investment using data from OECD countries and their findings was in favor of the capital immobility hypothesis across countries. This link between saving and investment became under further empirical investigation where more of such investigations have focused on the developed countries with little performed on developing countries. These studies include, among others, Feldstein (1983), Murphy (1984), Miller (1988), Tesar (1991), Baxter and Crucini (1993), Barkoulas et al (1996), Jansen (1996), Jansen and Schulze (1996), Bajo-Rubio (1998), Sarno and Taylor (1998), Sinha and Sinha (1998), Van Rensselaer and Copeland (2000), Agrawal (2001), Anoruo (2001), Abbott and Vita (2003), and Schmidt (2003).
This paper will investigate the causality link between saving and investment in four MENA countries: Egypt, Jordan, Morocco, and Tunisia. The questions that this paper will try to answer are the following: Are saving and investment correlated? What will be the impact of such correlation on the economic development in these countries? Are the domestic savings in these countries used to enhance their domestic investment? How will the capital mobility issue affect the government policies to increase saving rates and/or ease its restrictions on the flow of capital? That is, how such a relation will impact policies that will be made by policymakers to influence the saving and investment rates in these countries to enhance their economic growth and development. Therefore, by examining the relation between saving and investment, this paper will a) provide an empirical investigation of the causal relation between saving and investment in MENA countries, and b) offer the policymakers in these countries a guideline to help them in formulating their policies in terms of encouraging domestic saving and/or investment. The rest of the paper is structured as follows. Section 2 explains the data and the methodology, and section 3 presents the empirical results. Finally, section 4 provides the conclusion of this study.
- Plan du site -
- HCP -
- CND -
- Qui sommes nous-
- FAQ-
- RSS
