Relationship Between Savings and Economic Growth: The Case Study of OECD Countries
Öz
The aim of this study is to examine the relationship between savings and economic growth theoretically and empirically in OECD countries. The relationship between savings and economic growth using data from selected OECD countries between 1988 and 2014 was examined by Panel Data Analysis. Unit root tests were used to test the stability of the variables, and the Pedroni co integration test was used to test for long term co integration relations. According to the results of the study, the effect of economic growth on saving is statistically significant and positive. Economic growth has been found to increase savings. Dumitrescu-Hurlin Panel shows that there is a bidirectional causality relationship between economic growth and saving in causality results.
Anahtar Kelimeler
Kaynakça
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