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The Cyclical and Trend Behavour of Australian Investment and Savings [electronic resource] / Bruce Felmingham and Arusha Cooray.

Author/Creator:
Felmingham, Bruce, author
Publication:
Paris : OECD Publishing, 2008.
Format/Description:
Government document
Book
1 online resource (20 pages)
Contained In:
Journal of Business Cycle Measurement and Analysis Vol. 2007, no. 3, p. 367-386
Status/Location:
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Details

Subjects:
Economics.
Summary:
A spectral analysis of the Australian time series for the investment and savings ratios on quarterly data over the period from September 1959 to December 2005 reveals that the major cyclical components of the savings and investment ratios cohere strongly. This suggests there is a medium to long term relationship between investment and savings. Further, the investment and saving ratios cohere strongly with the business cycle suggesting a procyclical pattern of investment and saving behaviour on Australian data. A subsequent long memory analysis reveals that the saving and investment ratios, the investment ratio and real GDP and the savings ratio and real GDP are fractionally cointegrated. The policy implications are explained.
Notes:
Title from title screen (viewed May 1, 2017).
Contributor:
Cooray, Arusha.
SourceOECD (Online Service)
Access Restriction:
Restricted for use by site license.