Determinants of Gross Domestic Saving in Ethiopia: a Time Series Analysis
Determinants of Gross Domestic Saving in Ethiopia: a time series analysis
Kidane Badeg
Contact:
Kidane Badeg
MoFED
P.o.Box 1905, Addis Ababa , Ethiopia
Email: kbadeg@mofed.gov.et
Abstract
The study conduct a time series analysis of the determinants of gross domestic saving in Ethiopia using co-integration and error correction econometric modeling(ECM), and employed data for the period of 1971-2009 collected from National bank of Ethiopia (NBE), MOFED, CSA and world bank on annual base. The study revealed that GPCI, DR, INF, GTR and GGDS1-t significant influence on GDS in cointegration model. Further more GPC, INF, GTR and GGDS1-t are also significant in ECM model while PCI, RIR and GM2 showed insignificant coefficient in both cointegration and ECM model.
Table Of Contents
Content Page
Abstract i
CHAPTER ONE
1. INTRODUCTION 1 1.1 Background of the Study 1
CHAPTER TWO
2. Literature Review 2 2.1 Roles of Saving: Theory and Evidence 2 2.2 Determinants of Saving: Theory and Evidence 3 2.2.1 Theoretical Determinants of saving 3 2.3 Empirical Determinants of Saving 5
CHAPTER THREE
3. Data and Methodology 7 3.1 Data 7 3.2 Model Specification 7
CHAPTER FOUR
4. Estimation procedure and Analysis Empirical Result 8 4.1 Estimation Procedure 8 4.2 Analysis of Empirical Result 11
CHAPTER FIVE
5 Conclusion and Recommendations 13 5.1 Conclusion 13 5.2 Recommendation 13
Reference……………………………………………………………………………………………………14
Appendix……………………………………………………………………………………………………..15
CHAPTER ONE
1 Introduction
1. Background Of The Study
Economic literatures on economic growth models such as Harrod Domar and Solow growth model suggested that saving is an essential factor to the working of any economic growth. As capital formation is an important factor in economic
Kidane Badeg
Contact:
Kidane Badeg
MoFED
P.o.Box 1905, Addis Ababa , Ethiopia
Email: kbadeg@mofed.gov.et
Abstract
The study conduct a time series analysis of the determinants of gross domestic saving in Ethiopia using co-integration and error correction econometric modeling(ECM), and employed data for the period of 1971-2009 collected from National bank of Ethiopia (NBE), MOFED, CSA and world bank on annual base. The study revealed that GPCI, DR, INF, GTR and GGDS1-t significant influence on GDS in cointegration model. Further more GPC, INF, GTR and GGDS1-t are also significant in ECM model while PCI, RIR and GM2 showed insignificant coefficient in both cointegration and ECM model.
Table Of Contents
Content Page
Abstract i
CHAPTER ONE
1. INTRODUCTION 1 1.1 Background of the Study 1
CHAPTER TWO
2. Literature Review 2 2.1 Roles of Saving: Theory and Evidence 2 2.2 Determinants of Saving: Theory and Evidence 3 2.2.1 Theoretical Determinants of saving 3 2.3 Empirical Determinants of Saving 5
CHAPTER THREE
3. Data and Methodology 7 3.1 Data 7 3.2 Model Specification 7
CHAPTER FOUR
4. Estimation procedure and Analysis Empirical Result 8 4.1 Estimation Procedure 8 4.2 Analysis of Empirical Result 11
CHAPTER FIVE
5 Conclusion and Recommendations 13 5.1 Conclusion 13 5.2 Recommendation 13
Reference……………………………………………………………………………………………………14
Appendix……………………………………………………………………………………………………..15
CHAPTER ONE
1 Introduction
1. Background Of The Study
Economic literatures on economic growth models such as Harrod Domar and Solow growth model suggested that saving is an essential factor to the working of any economic growth. As capital formation is an important factor in economic