Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/142074
Authors: 
Nasiru, Inuwa
Usman, Haruna M.
Year of Publication: 
2013
Citation: 
[Journal:] CBN Journal of Applied Statistics [ISSN:] 2476-8472 [Publisher:] The Central Bank of Nigeria [Place:] Abuja [Volume:] 4 [Year:] 2013 [Issue:] 1 [Pages:] 75-88
Abstract: 
This study explores the relationship between savings and investment in Nigeria during the period 1980-2011. Unlike previous studies, this study employed Autoregressive Distributed Lag (ARDL) Bounds testing approach to test for long run relationship. The short-run dynamics are also captured from error correction model (ECM).The results of the Bounds test suggest that there is a long run relationship between savings and investment. This result is consistent with a number ofearlier studies reviewed in the literature that found saving and investment to be cointegrated in thelong run. The results also support the Feldstein-Horioka (1980) hypothesis that postulates low capital mobility internationally.
Subjects: 
Savings
Investment
Capital Mobility
ARDL
JEL: 
O3
Document Type: 
Article

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