The investment-saving puzzle in MENA countries
The paper disentangles gross savings into government and private savings and investigate their impact on gross investment. Our methodology is based on a balanced panel of four MENA countries (Tunisia, Jordan, Egypt and Lebanon) for the period 2000-2017 by employing the Panel Vector Autoregressive Mo...
| Permalink: | http://skupnikatalog.nsk.hr/Record/nsk.NSK01001137716/Details |
|---|---|
| Matična publikacija: |
Ekonomski pregled (Online) 72 (2021), 5 ; str. 774-795 |
| Glavni autori: | Alzoubi, Marwan (Author), Kasasbeh, Hamad A. |
| Vrsta građe: | e-članak |
| Jezik: | eng |
| Predmet: | |
| Online pristup: |
https://doi.org/10.32910/ep.72.5.6 Ekonomski pregled (Online) Hrčak |
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| 003 | HR-ZaNSK | ||
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| 008 | 220511s2021 ci d |o |0|| ||eng | ||
| 024 | 7 | |2 doi |a 10.32910/ep.72.5.6 | |
| 035 | |a (HR-ZaNSK)001137716 | ||
| 040 | |a HR-ZaNSK |b hrv |c HR-ZaNSK |e ppiak | ||
| 041 | 0 | |a eng |b hrv | |
| 042 | |a croatica | ||
| 044 | |a ci |c hr | ||
| 080 | 1 | |a 336 |2 2011 | |
| 100 | 1 | |a Alzoubi, Marwan |4 aut |9 HR-ZaNSK | |
| 245 | 1 | 4 | |a The investment-saving puzzle in MENA countries |h [Elektronička građa] : |b disentangling gross saving / |c Marwan Alzoubi, Hamad A. Kasasbeh. |
| 300 | |b Graf. prikazi. | ||
| 500 | |a Prilozi na str. 789-794. | ||
| 504 | |a Bibliografija: 30 jed. | ||
| 504 | |a Summary ; Sažetak. | ||
| 520 | |a The paper disentangles gross savings into government and private savings and investigate their impact on gross investment. Our methodology is based on a balanced panel of four MENA countries (Tunisia, Jordan, Egypt and Lebanon) for the period 2000-2017 by employing the Panel Vector Autoregressive Model (PVAR). Our findings show that government savings as a ratio of GDP does not have any impact on investment while private savings as a ratio of GDP does. Both variables exhibit the correct signs. The results also show that mobility of private saving is high and seemingly statistically inconsistent with the Fielstein and Horioka (1980) puzzle. Our paper also reveals that even though OECD countries are more open than our sample countries, the higher capital mobility of our sample is driven by the economic and political instability in the region. | ||
| 520 | |a Rad razgraničava bruto štednju na državnu i privatnu štednju te istražuje njihov utjecaj na bruto investicije. Metodologija se temelji na uravnoteženom panelu četiri zemlje Bliskog istoka i Afrike (Tunis, Jordan, Egipat i Libanon) za razdoblje od 2000. do 2017. primjenom panel vektorskog autoregreijskog modela (PVAR). Rezultati pokazuju da državna štednja kao omjer BDP-a nema utjecaja na investicije, dok privatna štednja kao omjer BDP -a ima. Obje varijable potvrđuju očekivani predznak. Rezultati također pokazuju da je mobilnost privatne štednje velika i naizgled statistički neusklađena s zagonetkom Fielstein i Horioka (1980.). Ovaj članak također otkriva da, iako su zemlje OECD-a otvorenije od zemalja promatranog uzorka, veća mobilnost kapitala promatranog uzorka je posljedica ekonomske i političke nestabilnosti u regiji. | ||
| 653 | 0 | |a Bruto investicije |a Državna štednja |a Privatna štednja |a Upravljanje |a Vektorski autoregresijski model | |
| 700 | 1 | |a Kasasbeh, Hamad A. |4 aut |9 HR-ZaNSK | |
| 773 | 0 | |t Ekonomski pregled (Online) |x 1848-9494 |g 72 (2021), 5 ; str. 774-795 |w nsk.(HR-ZaNSK)000534041 | |
| 981 | |b Be2021 |b B02/21 | ||
| 998 | |b dalo2206 | ||
| 856 | 4 | 0 | |u https://doi.org/10.32910/ep.72.5.6 |
| 856 | 4 | 0 | |u http://www.hde.hr/sadrzaj.aspx?Podrucje=1782 |y Ekonomski pregled (Online) |
| 856 | 4 | 1 | |y Digitalna.nsk.hr |
| 856 | 4 | 0 | |u https://hrcak.srce.hr/262989 |y Hrčak |