An Empirical Investigation of Economic Growth Rate and Saving Ratio: Evidence from Selected Eastern European Countries
Review of Economic Sciences, Vol. 7
Posted: 17 Jan 2005 Last revised: 16 Mar 2018
Abstract
The main purpose of this paper is to investigate both the existence and nature of a simple but fundamental economic relationship, between economic growth and saving ratio from selected Eastern European Countries. The economic growth is a major issue of economic policy as well as one effective measure of economic welfare. It is also well known that saving ratio is a crucial component of economic growth, according to economic theory. A covariance analysis technique which allows both individual regression and cross section data analysis is used. The results support the existence of a positive common relationship for the sample of the examined countries.
Keywords: Economic growth, saving ratio, co-variance analysis
JEL Classification: O47, C13, C21, E21
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