Theoretical and Applied Economics
No. 2 / 2016 (607), Summer
The effects of saving-investment gap on economic growth in developing countries: A clustering and panel data analysis
Adnan Menderes University, Aydin, Turkey
Tugba AKIN
Adnan Menderes University, Aydin, Turkey
Sedat ALATAS
Adnan Menderes University, Aydin, Turkey
Abstract. In this study, the effect of saving-investment gap on economic growth was analyzed on sample of 65 developing countries for 1981-2014 period. Firstly, these countries were categorized into sub-groups according to their saving-investment gap data by using clustering analysis. Then, panel unit root were performed for each cluster and overall panel, and panel coefficients were estimated. In conclusion; it was determined that while the effect of saving on economic growth is positive and statistically significant in developing countries which have savings over investment, this effect is negative and statistically insignificant in developing countries which have investment over savings. It was considered that this study will bring novelty to literature since it combined panel data analysis and clustering analysis together.
Contents
The prerequisites of social development when planning for decentralization
Testing the validity of the Feldstein-Horioka Puzzle: New evidence from structural breaks for Turkey
The role of institutional pressures in developing countries. Implications for IFRS
Children’s health insurance coverage in the United States: The role of parents’ ethnicity and immigration status
Axiomatical examination of the neoclassical economic model. Logical assessment of the assumptions of neoclassical economic model
An empirical investigation of banking sector development and economic growth in a panel of selected SAARC countries
A common agency within bureaucracy
From public services to networks of social enterprises. Strategic trends for South-Eastern Europe
The relationship between inclusive growth, inequality and poverty in Africa
Investigation of relation between foreign portfolio investments and stock prices: Time varying asymmetric causality analysis
Asymmetric stochastic volatility in central and eastern European stock markets
Bankruptcy prediction based on the debt ratio
The effects of saving-investment gap on economic growth in developing countries: A clustering and panel data analysis
Impact of educational expenditure on economic growth in major Asian countries: Evidence from econometric analysis
Developing a financial inclusion index and inclusive growth in India
A comprehensive view on the manifestations of aggregate demand and aggregate supply shocks in Greece, Ireland, Italy and Portugal
Examining the determinants of FDI inflows in India
A review of corruption based on the social and economic evolution of Ancient Greece and Ancient Rome
Estimating the exchange rate in the context of Romania's integration in the Eurozone