Theoretical and Applied Economics
No. 7 / 2013 (584)
Saving and economic growth: An empirical analysis for Euro area countries
The Bucharest University of Economic Studies
Cătălin-Emilian HUIDUMAC-PETRESCU
The Bucharest University of Economic Studies
Abstract. The study consists in analysing the long-run relationship between saving and the real economic growth for Euro area countries. By using annual data series and econometric techniques like Johansen co-integration procedure, Granger causality or panel data models, our findings suggest the existence of a unidirectional causality between the two macroeconomic variables; the sense of this connection is from real GDP growth rate to gross national saving rate, with a delay of, at least, four years.
Contents
Oltenia’s identity – A systemic approach of a tourism destination’s universe
Perspectives of economics – behavioural economics
Business cycles synchronization in the European Union: truth or challenge?
Saving and economic growth: An empirical analysis for Euro area countries
Security of M-Commerce transactions
A model for measuring value for money in professional sports
The influence of modern epistemological streams. The case of epistemological anarchism
From a holistic approach of public policy to co-governance
Reference vectors in economic choice
The economic and communication implications of tourism in Romania