On the validity of the Keynesian Absolute Income hypothesis in Pakistan: An ARDL bounds testing approach

The present paper contributes in existing economic literature by investigating the validity of the Keynesian Absolute Income hypothesis in Pakistan by applying the ARDL approach to cointegration. The findings of this paper validate the Keynesian absolute income hypothesis in Pakistan, where public savings and financial development add in private savings. This study opens up new insights for government to improve the level of private savings.

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Year of publication:	2013
Authors:	Shahbaz, Muhammad ; Nawaz, Kishwar ; Arouri, Mohamed ; Teulon, Frédéric ; Uddin, Gazi Salah
Published in:	Economic Modelling. - Elsevier, ISSN 0264-9993. - Vol. 35.2013, C, p. 290-296
Publisher:	Elsevier
Subject:	Private savings \| Cointegration \| Pakistan

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Type of publication:	Article
Classification:	E2 - Consumption, Saving, Production, Employment, and Investment ; C4 - Econometric and Statistical Methods: Special Topics
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010719423