Saving, Growth, and Investment: A Macroeconomic Analysis Using a Panel of Countries
分析了123个国家1961-94年间储蓄、投资与增长率的长期和短期相关性，发现储蓄率正向影响投资率，投资率负向影响增长率，增长率正向影响投资率。
This paper provides a descriptive analysis of the long- and short-run correlations among saving, investment, and growth rates for 123 countries over the period 1961-94. Three results are robust across data sets and estimation methods: i) lagges saving rates are positively related to investment rates; ii) investment rates Granger cause growth rates with a negative sign; iii) growth rates Granger-cause investment with a positive sign. © 2000 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology