The negative correlation between foreign savings and domestic savings

The negative correlation between foreign savings and domestic savings

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We show that the negative correlation between foreign and domestic savings arises from the non-stationarity of these variables. We impose a more appropriate technique for testing a causal relation such as the one claimed by the revisionist view.

Bibliographic Details
Published in:The Philippine Review of Business and Economics Vol. XXXIV, No. 1 (June 1997), p. 38-49.
Main Authors: Mapalad, Maria Claret M. (Author), Liverakos, Petros K. (Author)
Format: Analytics
Language:English
Published: 1997.
Subjects:
Saving and investment.
Income.
Economic assistance.