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Feldstein-Horioka Coefficient 1 Fixed Effects 1 Panel Mean Reversion 1 Sub Saharan Africa 1
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ADENIYI, OLUWATOSIN 1 EGWAIKHIDE, FESTUS O. 1
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Journal of Economic Development 1
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SAVING-INVESTMENT NEXUS IN DEVELOPING COUNTRIES: DOES FINANCIAL DEVELOPMENT MATTER?
ADENIYI, OLUWATOSIN; EGWAIKHIDE, FESTUS O. - In: Journal of Economic Development 38 (2013) 2, pp. 119-140
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...
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