Mohsen Mehrara, Maysam Musai, Investment and Saving Nexus in Asian Countries: Panel Cointegration and Causality, Volume 18, International Letters of Social and Humanistic Sciences (Volume 18)
https://www.scipress.com/ILSHS.18.1
Abstract:
    This paper investigates the causal relationship between gross domestic investment (INV) and saving rates for 40 Asian countries by using panel unit root tests and panel cointegration analysis for the period 1970-2010. The results indicate no long run relationship as well as no causalities between these two variables in these countries. The findings are attributed to non stationary deficits or surpluses in current accounts.
Keywords:
    Asian Countries, Granger Causality, Gross Domestic Investment (INV), Panel Cointegration, Panel Unit Root, Saving