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Savings and Financial Sector Development: Panel Cointegration Evidence from Africa

By Roger Kelly and George Mavrotas


financial sector development, private savings, panel cointegration tests, Africa

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  21. (2000). Saving Behaviour in OECD Countries: Evidence from Panel Cointegration Tests’. Paper presented at the Money,
  22. (1994). Saving, Growth and Liquidity Constraints’.
  23. (1988). Statistical Analysis of Cointegration Vectors’.
  24. (1997). Testing for Unit Roots in Heterogeneous Panels’.
  25. (1998). The World Saving Database’. World Bank:
  26. (1993). Unit root tests in panel data: asymptotic and finite sample properties’. University of California: San Diego (discussion paper).
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