DYNAMIC SAVINGS BEHAVIOR IN AN OIL-DEPENDENT ECONOMY - THE CASE OF TRINIDAD-AND-TOBAGO
成果类型：
Article
署名作者：
CRAIGWELL, RC; ROCK, LL
署名单位：
University of Toronto
刊物名称：
JOURNAL OF DEVELOPMENT ECONOMICS
ISSN/ISSBN：
0304-3878
DOI：
10.1016/0304-3878(92)90039-C
发表日期：
1992
页码：
247-261
关键词：
摘要：
This paper tests for the influence of income, demography, terms of trade, export orientation and real interest rates on savings behaviour in Trinidad and Tobago within an error correction formulation. It Finds evidence in favour of the error-correction mechanism, under which the savings rate varies procyclically in the short run but remains constant in the steady state. In addition, long-run and short-run significant effects ate found for income, real interest rates and export orientation. Demography is significant only in the long run while the terms of trade is not significant in either the short or long run.