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Saving-Investment Nexus in Developing Countries: Does Financial Development Matter?

The Feldstein-Horioka puzzle is re-examined using a sample of 20 sub-Saharan Africa (SSA) countries. Unlike the extant literature we demonstrate the expediency of sustenance of financial sector reforms for the saving-investment nexus in SSA. Findings showed saving retention coefficients similar in m...

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Format: Article
Published: 2013
Subjects:
Feldstein-Horioka Coefficient
Panel Mean Reversion
Fixed Effects
Sub Saharan Africa
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LEADER 00000njm a2000000a 4500
001 oai:repository.ui.edu.ng:123456789/13335
042 |a dc 
720 |a Adeniyi, O. A.  |e author 
720 |a Egwaikhide, F. O.  |e author 
260 |c 2013 
520 |a The Feldstein-Horioka puzzle is re-examined using a sample of 20 sub-Saharan Africa (SSA) countries. Unlike the extant literature we demonstrate the expediency of sustenance of financial sector reforms for the saving-investment nexus in SSA. Findings showed saving retention coefficients similar in magnitude to those already reported for developing countries, particularly SSA. In addition, however, the results uncovered a telling intervening role for financial deepening in the saving-investment space. Going forward, the precise nature and corresponding policy implications of this role should form an integral part of discussions in both academic and policy circles. 
024 8 |a 1859-0020 
024 8 |a ui_art_adeniyi_saving_2013 
024 8 |a Journal of Economic Development 38(2), pp. 119-140 
024 8 |a https://repository.ui.edu.ng/handle/123456789/13335 
653 |a Feldstein-Horioka Coefficient 
653 |a Panel Mean Reversion 
653 |a Fixed Effects 
653 |a Sub Saharan Africa 
245 0 0 |a Saving-Investment Nexus in Developing Countries: Does Financial Development Matter? 

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