Abstract:Using panel cointegration techniques and a comprehensive data set covering the
period 1980–2013, this paper finds a positive and significant correlation between
national saving and domestic investment rates in Latin America and the Caribbean. The
estimated correlation is approximately 0.39; that is, for every one percentage point of
GDP increase in national saving, domestic investment increases by 0.39 percentage
points, on average. There are, however… Show more
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