Savings and economic growth in South Africa: A multivariate causality test

Odhiambo, Nicholas M.

doi:10.1016/j.jpolmod.2009.04.001

Cited by 111Monetary Policy and Economic ImpactEconomic Growth and ProductivityEconomic Theory and Policy

Savings and economic growth in South Africa: A multivariate causality test

Odhiambo, Nicholas M.·2009·Journal of Policy Modeling

DOI 10.1016/j.jpolmod.2009.04.001

Open this paper in CoChat — free account

Integrity signals

Registry

Crossref · 10.1016/j.jpolmod.2009.04.001

Cites

40 of 40 references verified0 citation errors · 0 not checkable

Statistics

Recomputing p-values needs the paper’s full text.

Claims the paper makes

We couldn’t retrieve this paper’s full text, so its claims and self-check weren’t run. The registry and citation checks still apply.

Claims other papers make about this one

Each is checked against this paper’s own text: does it say what the citing paper says it does?

The existence of financial institutions and services precedes realising economic growth.
“Against this argument, it is possible to conclude that the existence of financial institutions and services precedes realising economic growth (Beck and Levine 2004; Odhiambo 2009; Ibrahim and Alagidede 2018).”
From Financial Inclusion and Economic Growth in Sub-Saharan Africa—A Panel ARDL and Granger Non-Causality Approach (2023) · cites this paper as Odhiambo 2009
Economic growth Granger causes financial development in South Africa.
“Odhiambo (2009), on the other hand, found unidirectional causality and argued that economic growth Granger causes financial development, so as to reduce poverty in South Africa.”
From Financial Inclusion and Economic Growth in Sub-Saharan Africa—A Panel ARDL and Granger Non-Causality Approach (2023) · cites this paper as Odhiambo (2009)

A contribution to the theory of economic growth
Solow, R. M. (1956) · The Quarterly Journal of Economics · doi:10.2307/1884513 · Cited by 24,483 · see citing works
On the mechanics of economic development
Lucas, R. E. (1988) · Journal of Monetary Economics · doi:10.1016/0304-3932(88)90168-7 · Cited by 24,085 · see citing works
Increasing returns and long-run growth
Romer, P. M. (1986) · Journal of Political Economy · doi:10.1086/261420 · Cited by 20,149 · see citing works
A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix
Newey, W. K., & West, K. D. (1987) · Econometrica · doi:10.2307/1913610 · Cited by 16,936 · see citing works
A Simple, Positive Semi-Definite, Heteroskedasticity and AutocorrelationConsistent Covariance Matrix
Newey, W. K., & West, K. D. (1986) · National Bureau of Economic Research · doi:10.3386/t0055 · Cited by 12,682 · see citing works
Statistical inference in vector autoregressions with possibly integrated processes
Toda, H. Y., & Yamamoto, T. (1995) · Journal of Econometrics · doi:10.1016/0304-4076(94)01616-8 · Cited by 6,108 · see citing works
Efficient Tests for an Autoregressive Unit Root
Elliott, G., Rothenberg, T. J., & Stock, J. H. (1996) · Econometrica · doi:10.2307/2171846 · Cited by 5,714 · see citing works
Efficient Tests for an Autoregressive Unit Root
Elliott, G., Rothenberg, T. J., & Stock, J. H. (1992) · National Bureau of Economic Research · doi:10.3386/t0130 · Cited by 4,263 · see citing works
Money and Capital in Economic Development.
Luders, R. J., & McKinnon, R. I. (1974) · The Journal of Finance · doi:10.2307/2978253 · Cited by 3,745 · see citing works
Shaw, Edward S., Financial Deepening in Economic Development, New York, Oxford University Press, 1973, xii + 260 pp. ($7.50 cloth, $3.50 paper)
Schmitt, H. O. (1974) · American Journal of Agricultural Economics · doi:10.2307/1238641 · Cited by 3,032 · see citing works
Reopening the convergence debate: A new look at cross-country growth empirics
Caselli, F., Esquivel, G., & Lefort, F. (1996) · Journal of Economic Growth · doi:10.1007/bf00141044 · Cited by 1,903 · see citing works
Foreign Assistance and Economic Development
Chenery, H. B. (1967) · Palgrave Macmillan UK eBooks · doi:10.1007/978-1-349-15238-4_9 · Cited by 1,642 · see citing works
Empirical cross-section dynamics in economic growth
Quah, D. T. (1993) · European Economic Review · doi:10.1016/0014-2921(93)90031-5 · Cited by 1,442 · see citing works
Money and capital in economic development
(1974) · Journal of Development Economics · doi:10.1016/0304-3878(74)90023-6 · Cited by 746 · see citing works
Financial Deepening in Economic Development.
Lachman, D., & Shaw, E. S. (1974) · The Economic Journal · doi:10.2307/2230515 · Cited by 595 · see citing works
Foreign Assistance: Objectives and Consequences
Griffin, K. B., & Enos, J. L. (1970) · Economic Development and Cultural Change · doi:10.1086/450435 · Cited by 490 · see citing works
Determinants of foreign direct investment in Malaysia
Ang, J. B. (2007) · Journal of Policy Modeling · doi:10.1016/j.jpolmod.2007.06.014 · Cited by 321 · see citing works
Financial depth, savings and economic growth in Kenya: A dynamic causal linkage
Odhiambo, N. M. (2008) · Economic Modelling · doi:10.1016/j.econmod.2007.10.009 · Cited by 319 · see citing works
Self-citation
Financial development and economic growth: The Egyptian experience
Abu-Bader, S., & Abu-Qarn, A. S. (2008) · Journal of Policy Modeling · doi:10.1016/j.jpolmod.2007.02.001 · Cited by 307 · see citing works
Stock market development and economic growth: The causal linkage
Caporale, G. M., Howells, P. G. A., & Soliman, A. M. (2004) · RePEc: Research Papers in Economics · Cited by 287 · see citing works
Financial Development and Economic Growth in Sub‐Saharan African Countries: Evidence from Time Series Analysis
Ghirmay, T. (2004) · African Development Review · doi:10.1111/j.1017-6772.2004.00098.x · Cited by 266 · see citing works
Old Wine in New Bottles: Testing Causality between Savings and Growth
Mavrotas, G., & Kelly, R. (2001) · Manchester School · doi:10.1111/1467-9957.69.s1.6 · Cited by 173 · see citing works
Why are Saving Rates so Different Across Countries?: An International Comparative Analysis
Edwards, S. (1995) · National Bureau of Economic Research · doi:10.3386/w5097 · Cited by 146 · see citing works
Causality and forecasting in incomplete systems
Caporale, G., & Pittis, N. (1997) · Journal of Forecasting · doi:10.1002/(sici)1099-131x(199711)16:6 · Cited by 136 · see citing works
Causal Relationship between Domestic Savings and Economic Growth: Evidence from Seven African Countries
Anoruo, E., & Ahmad, Y. (2001) · African Development Review · doi:10.1111/1467-8268.00038 · Cited by 109 · see citing works
The relation between savings and growth: cointegration and causality evidence from Asia
Agrawal, P. (2001) · Applied Economics · doi:10.1080/00036840122210 · Cited by 104 · see citing works
Causal Relationship Between Savings and Economic Growth in Countries with Different Income Levels
Mohan, R. (2006) · RePEc: Research Papers in Economics · Cited by 102 · see citing works
Cart before the horse? The saving–growth nexus in Mexico
Sinha, D., & Sinha, T. (1998) · Economics Letters · doi:10.1016/s0165-1765(98)00144-x · Cited by 98 · see citing works
Capital flows and saving in Latin America and Asia: a reinterpretation
Reinhart, C., & Talvi, E. (1998) · Journal of Development Economics · doi:10.1016/s0304-3878(98)00077-7 · Cited by 74 · see citing works
Empirical Cross-Section Dynamics in Economic GrowthPreprint
Quah, D. T. (1992) · doi:10.21034/dp.75 · Cited by 68 · see citing works
Foreign aid, domestic savings, and growth in LDCs: An application of likelihood-based panel cointegration
Irandoust, M., & Ericsson, J. (2005) · Economic Modelling · doi:10.1016/j.econmod.2004.03.004 · Cited by 48 · see citing works
Dependency Ratio, Foreign Capital Inflows and the Rate of Savings in Pakistan
Khan, A. H., Hasan, L., & Malik, A. (1992) · The Pakistan Development Review · doi:10.30541/v31i4iipp.843-856 · Cited by 41 · see citing works
Foreign Aid, Domestic Savings and Economic Growth (Pakistan: 1960 to 1988)
Khan, N. Z., & Rahim, E. (1993) · The Pakistan Development Review · doi:10.30541/v32i4iipp.1157-1167 · Cited by 30 · see citing works
Relationships among household saving, public saving, corporate saving and economic growth in India
Sinha, D., & Sinha, T. (2007) · Journal of International Development · doi:10.1002/jid.1414 · Cited by 25 · see citing works
The determinants of savings in South Africa : an empirical investigation
Odhiambo, N. M. (2007) · The African finance journal · Cited by 23 · see citing works
Self-citation
Savings and Economic Growth in India: The Long-Run NexusPreprint
Sahoo, P., & Nataraj, G. (2000) · RePEc: Research Papers in Economics · Cited by 20 · see citing works
Saving and Growth : Granger Causality Analysis with Bootstrapping On Panels of CountriesPreprint
Kónya, L. (2004) · RePEc: Research Papers in Economics · Cited by 20 · see citing works
Capital Inflows-National Saving Dynamics in Tunisia: Evidence from Cointegration, Weak Exogeneity and Simultaneous Error Correction Modelling
Hachicha, N. (2003) · International Economic Journal · doi:10.1080/751248071 · Cited by 9 · see citing works
The Effects of Foreign Capital Inflow on Economic Growth in Korea: The Reevaluation of Griffin and Enos's Hypotheses
Park, H.-J. (1987) · International Economic Journal · doi:10.1080/10168738700000014 · Cited by 4 · see citing works
THE EFFECTS OF FOREIGN CAPITAL INFLOW ON ECONOMIC GROWTH IN KOREA: THE REEVALUATION OF GRIFFIN AND ENOS'S HYPOTHESES
PARK, H.-J. (1987) · International Economic Journal · doi:10.1080/10168738700080014 · Cited by 2 · see citing works

Flagged first, then by citations

Sorted by citations

Energy consumption and economic growth: Evidence from the economic community of West African States (ECOWAS)
Ouédraogo, N. S. (2012) · Energy Economics · doi:10.1016/j.eneco.2012.11.011 · Cited by 295 · see citing works
Energy consumption, prices and economic growth in three SSA countries: A comparative study
Odhiambo, N. M. (2010) · Energy Policy · doi:10.1016/j.enpol.2009.12.040 · Cited by 226 · see citing works
Self-citation
Investigating the nexus between CO2 emissions, renewable energy consumption, FDI, exports and economic growth: evidence from BRICS countries
Iqbal, A., Tang, X., & Rasool, S. F. (2022) · Environment Development and Sustainability · doi:10.1007/s10668-022-02128-6 · Cited by 223 · see citing works
Contextualizing electricity access in sub-Saharan Africa
Onyeji, I., Bazilian, M., & Nussbaumer, P. (2012) · Energy Sustainable Development/Energy for sustainable development · doi:10.1016/j.esd.2012.08.007 · Cited by 106 · see citing works
The Impact of Banks and Stock Market Development on Economic Growth in South Africa: an ARDL-bounds Testing Approach
Nyasha, S., & Odhiambo, N. M. (2015) · Contemporary Economics · doi:10.5709/ce.1897-9254.161 · Cited by 94 · see citing works
Self-citation
The Impact of Savings in Economic Growth: An Empirical Study Based on Botswana
Jagadeesh, D. (2015) · Cited by 80 · see citing works
A Panel Data Analysis of Economic Growth Determinants in 34 African Countries
Batrancea, L. M., Rathnaswamy, M. M., & Bătrâncea, I. (2021) · Journal of risk and financial management · doi:10.3390/jrfm14060260 · Cited by 74 · see citing works
Financial systems and economic growth in South Africa: a dynamic complementarity test
Odhiambo, N. M. (2013) · International Review of Applied Economics · doi:10.1080/02692171.2013.828681 · Cited by 72 · see citing works
Self-citation
Tourism And Economic Growth In Kenya: An Empirical Investigation
Kibara, O. N., Odhiambo, N. M., & Njuguna, J. M. (2012) · International Business & Economics Research Journal (IBER) · doi:10.19030/iber.v11i5.6970 · Cited by 66 · see citing works
Self-citation
Government debt, government debt service and economic growth nexus in Zambia: a multivariate analysis
Saungweme, T., & Odhiambo, N. M. (2019) · Cogent Economics & Finance · doi:10.1080/23322039.2019.1622998 · Cited by 61 · see citing works
Self-citation
Financial capability and emergency savings among South Africans living above and below the poverty line
Reyers, M. (2019) · International Journal of Consumer Studies · doi:10.1111/ijcs.12520 · Cited by 50 · see citing works
Fiscal Policy and Economic Growth in South Africa
Tendengu, S., Kapingura, F. M., & Tsegaye, A. (2022) · Economies · doi:10.3390/economies10090204 · Cited by 49 · see citing works
Financial Inclusion and Economic Growth in Sub-Saharan Africa—A Panel ARDL and Granger Non-Causality Approach
Jima, M. D., & Makoni, P. L. (2023) · Journal of Risk and Financial Management · doi:10.3390/jrfm16060299 · Cited by 39 · see citing works
“Odhiambo (2009), on the other hand, found unidirectional causality and argued that economic growth Granger causes financial development, so as to reduce poverty in South Africa.”
Background
Banks, stock market development and economic growth in South Africa: a multivariate causal linkage
Nyasha, S., & Odhiambo, N. M. (2015) · Applied Economics Letters · doi:10.1080/13504851.2015.1042132 · Cited by 39 · see citing works
Self-citation
PENGARUH DANA DESA TERHADAP TINGKAT KEMISKINAN DAN KESEJAHTERAAN MASYARAKAT DI KABUPATEN/KOTA PROVINSI BALI
Sunu, M. K. K., & Utama, M. S. (2019) · E-Jurnal Ekonomi dan Bisnis Universitas Udayana · doi:10.24843/eeb.2019.v08.i08.p02 · Cited by 39 · see citing works
Relationship between Savings and Economic Growth: The Case For Iran
Najarzadeh, R., Reed, M. R., & Mona, T. (2014) · Journal of International Business and Economics · doi:10.15640/jibe.v2n4a7 · Cited by 37 · see citing works
Prediction of the Energy Consumption Variation Trend in South Africa based on ARIMA, NGM and NGM-ARIMA Models
Ma, M., & Wang, Z. (2019) · Energies · doi:10.3390/en13010010 · Cited by 36 · see citing works
(Ir)rational Households’ Saving Behavior? An Empirical Investigation
Kapounek, S., Koráb, P., & Deltuvaitė, V. (2016) · Procedia Economics and Finance · doi:10.1016/s2212-5671(16)30309-4 · Cited by 32 · see citing works
Potential financing sources of investment and economic growth in North African countries: A causality analysis
Abdelhafidh, S. (2012) · Journal of Policy Modeling · doi:10.1016/j.jpolmod.2012.01.001 · Cited by 32 · see citing works
Trade openness and energy consumption in sub-Saharan African countries: A multivariate panel Granger causality test
Odhiambo, N. M. (2021) · Energy Reports · doi:10.1016/j.egyr.2021.09.103 · Cited by 31 · see citing works
Self-citation
Putting the Cart before the Horse? Re-Examining the Relationship between Domestic Savings and Economic Growth in Selected Sub-Saharan African Countries
Adam, I. O., Musah, A., & Ibrahim, M. (2016) · Journal of African Business · doi:10.1080/15228916.2016.1225472 · Cited by 30 · see citing works
A revalidation of the savings–growth nexus in Pakistan
Tang, C. F., & Tan, B. W. (2013) · Economic Modelling · doi:10.1016/j.econmod.2013.10.012 · Cited by 30 · see citing works
Population growth, income growth and savings in Ghana
Gatsi, J. G., & Appiah, M. O. (2020) · Journal of Economics and Development · doi:10.1108/jed-12-2019-0078 · Cited by 28 · see citing works
Savings, investment, and growth in Nepal: an empirical analysis
Joshi, A., Pradhan, S., & Bist, J. P. (2019) · Financial Innovation · doi:10.1186/s40854-019-0154-0 · Cited by 26 · see citing works
Is smart city a slogan? Evidence from China
Zhou, Y., Xiao, F., & Deng, W. (2022) · Asian Geographer · doi:10.1080/10225706.2022.2052734 · Cited by 23 · see citing works
What determines the long run growth rate in Kenya?
Kumar, S., & Pacheco, G. A. (2012) · Journal of Policy Modeling · doi:10.1016/j.jpolmod.2012.01.009 · Cited by 21 · see citing works
Understanding the nexus between savings and economic growth: A South African context
van Wyk, B. F., & Kapingura, F. M. (2021) · Development Southern Africa · doi:10.1080/0376835x.2021.1932424 · Cited by 20 · see citing works
SAVINGS, FOREIGN DIRECT INVESTMENT INFLOWS AND ECONOMIC GROWTH IN EMERGING ASIAN ECONOMIES
Bayar, Y. (2014) · RePEc: Research Papers in Economics · Cited by 19 · see citing works
Bank Versus Stock Market Development in Brazil: An ARDL Bounds Testing Approach
Nyasha, S., & Odhiambo, N. M. (2017) · South East European Journal of Economics and Business · doi:10.1515/jeb-2017-0001 · Cited by 18 · see citing works
Self-citation
The impact of financial inclusion on consumers saving and borrowing behaviours: a retrospective cross-sectional evidence from the UAE and the USA
Niankara, I., & Muqattash, R. S. (2020) · International Journal of Economics and Business Research · doi:10.1504/ijebr.2020.109152 · Cited by 16 · see citing works
Empirical Analysis of the Nexus between Saving and Economic Growth in Selected African Countries (1981–2014)
Bolarinwa, S. T., & Obembe, O. B. (2017) · Journal of Development Policy and Practice · doi:10.1177/2455133316676420 · Cited by 15 · see citing works
Savings and Economic Growth in Botswana: An Analysis Using Bounds Testing Approach to Cointegration
Amusa, K. (2013) · Journal of Economics and Behavioral Studies · doi:10.22610/jebs.v5i4.395 · Cited by 15 · see citing works
Is Financial Development a Factor to the Leading Growth Profile of the South African Economy? Measuring and Uncovering the Hidden Secret
Yusof, Z. (2013) · RePEc: Research Papers in Economics · Cited by 14 · see citing works
Savings and economic growth in South Africa: A multivariate analysis
Amusa, K. (2014) · Journal of Economic and Financial Sciences · doi:10.4102/jef.v7i1.131 · Cited by 14 · see citing works
Remittances Impact on Economic Growth, Domestic Savings and Domestic Capital at the Presence of ODA and FDI in Selected MENA Countries
Sabra, M. M. (2016) · International Journal of Regional Development · doi:10.5296/ijrd.v3i2.9276 · Cited by 13 · see citing works
Research publications and economic growth in South Africa: an empirical investigation
Odhiambo, N. M., & Ntenga, L. (2016) · International Journal of Social Economics · doi:10.1108/ijse-05-2014-0103 · Cited by 13 · see citing works
Self-citation
Investigating the impact of credit channels, energy production and oil revenues on agricultural development in sub-Saharan Africa
Manasseh, C. O., Logan, C. S., Okanya, O. C., Ede, K. K., Okiche, E. L., Ilo, S. O., Ogbuabor, J. E., & Nwakoby, I. C. (2024) · Heliyon · doi:10.1016/j.heliyon.2024.e34305 · Cited by 11 · see citing works
Examining the co-integrating relationship between financial development and economic growth
Chiwira, O. (2023) · International Journal of Research in Business and Social Science (2147-4478) · doi:10.20525/ijrbs.v12i5.2439 · Cited by 11 · see citing works
Sustaining Economic Growth in COMESA : Challenges and Prospects
Adika, G. (2020) · International Journal of Finance & Economics · doi:10.1002/ijfe.2153 · Cited by 11 · see citing works
Savings-Growth Nexus in Ghana: Cointegration and Causal Relationship Analyses
Pickson, R. B., Enning, K. D., & Siaw, A. (2017) · Theoretical Economics Letters · doi:10.4236/tel.2017.72012 · Cited by 11 · see citing works
Does Country Risk Affect Banking Efficiency: Empirical Evidence from Turkey and Selected Countries from the European Union
Al-Gasaymeh, A. S., & Samarah, M. R. (2020) · Global Business Review · doi:10.1177/0972150920933973 · Cited by 10 · see citing works
Cointegration and Causality Inferences on Domestic Savings, Investment and Economic Growth in Nigeria
Kuhe, D. A., & Torruam, J. T. (2020) · Mediterranean Journal of Basic and Applied Sciences · doi:10.46382/mjbas.2020.4206 · Cited by 10 · see citing works
Exploring Causality Between Domestic Savings and Economic Growth: Fresh Panel Evidence from BRICS Countries
Chakraborty, D. (2023) · Economic Alternatives · doi:10.37075/ea.2023.1.03 · Cited by 9 · see citing works
An assessment of the policy of poverty alleviation in continuous poverty-stricken areas: evidence from Yunnan Province, China
Wu, J., Yang, H., & Ahmed, T. (2022) · Environment Development and Sustainability · doi:10.1007/s10668-022-02459-4 · Cited by 9 · see citing works
Explaining the Saving Behavior of Households’ in Ethiopia, Africa
Asare, E., Segarra, E., Nakakeeto, G., & Asiseh, F. (2018) · Applied Economics and Finance · doi:10.11114/aef.v5i2.2923 · Cited by 9 · see citing works
Causal relationship between financial deepening, national security, ecological footprint, and economic growth in Nigeria
Manasseh, C. O., Logan, C. S., Okanya, O. C., Ede, K. K., Onuselogu, O. C. O., Ngong, C. A., Duru, J. C., Ogbuabor, J. E., & Nwakoby, I. C. (2024) · F1000Research · doi:10.12688/f1000research.147704.1 · Cited by 8 · see citing works
Does the Aging Population Become a Constraint to the Growth of Turkish Economy? New Evidence from Time Series Analysis
Ecevit, E., Çetin, M., YILDIZ, Ö., & Dogan, R. (2021) · Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi · doi:10.18070/erciyesiibd.871710 · Cited by 8 · see citing works
Savings-Growth Nexus Revisited: An Empirical Analysis from Nigeria
Olayiwola, A. S., Okunade, S., & Fatai, M. O. (2021) · RePEc: Research Papers in Economics · doi:10.22004/ag.econ.315822 · Cited by 8 · see citing works
The Causal Relationship among Foreign Direct Investment, Domestic Saving and Economic Growth in Jordan during the Period (1975–2013)
Batarseh, A. I., & Ananzeh, I. E. N. (2014) · International Journal of Business and Management · doi:10.5539/ijbm.v10n1p73 · Cited by 8 · see citing works
Economic growth and savings in Saudi Arabia: empirical evidence from cointegration and causality analysis
Jouini, J. H. (2016) · Asia-Pacific Journal of Accounting & Economics · doi:10.1080/16081625.2015.1129282 · Cited by 8 · see citing works
Revisiting the Contention of the FD/GDP Nexus of the Northern Sudanese Economy: A New Startling Empirical Result
Rafindadi, A. A., & Yusof, Z. (2013) · Abstract of Economic, Finance and Management Outlook · Cited by 7 · see citing works
RELATIONSHIP BETWEEN SAVINGS AND ECONOMIC GROWTH IN COTE D’IVOIRE
Keho, Y. (2019) · International Journal of Economics and Financial Issues · doi:10.32479/ijefi.8781 · Cited by 7 · see citing works
THE EFFECT OF SAVING AND CAPITAL EXPANSION ON FINANCIAL AND TECHNOLOGICAL DEVELOPMENT IN GCC COUNTRIES
Alshubiri, F. (2021) · Technological and Economic Development of Economy · doi:10.3846/tede.2021.15769 · Cited by 7 · see citing works
Foreign Direct Investment, Domestic Savings and Economic Growth: The Case of Turkey
Taşpınar, N. (2011) · Eastern Mediterranean University Institutional Repository (Eastern Mediterranean University) · Cited by 7 · see citing works
The Causal Relation Between Savings and Economic Growth in Turkey
Karahan, Ö. (2018) · Contributions to economics · doi:10.1007/978-3-319-93452-5_8 · Cited by 6 · see citing works
Financial development and economic growth nexus: A rejoinder to Tsionas
Nyasha, S., & Odhiambo, N. M. (2019) · Economic Notes · doi:10.1111/ecno.12136 · Cited by 6 · see citing works
Self-citation
An Analysis of Savings Among Rural Poor Households in Rwanda
Maniriho, A., Musabanganji, E., & Lebailly, P. (2020) · Frontiers in African business research · doi:10.1007/978-981-15-5046-1_2 · Cited by 6 · see citing works
"Does Foreign Direct Investment Crowd in or Crowd out Domestic Investment in South Africa? An ARDL-ECM Approach "
Pamba, D. (2023) · International Journal of Management Research and Economics · doi:10.51483/ijmre.3.1.2023.18-35 · Cited by 6 · see citing works
The Challenges of Analyzing Social and Economic Processes in the 21st Century
(2020) · doi:10.14232/casep21c · Cited by 6 · see citing works
Determinants of foreign direct investment into Sub-Saharan Africa and its impact on economic growth
Okafor, G. (2014) · Bournemouth University Research Online (Bournemouth University) · Cited by 6 · see citing works
KÜRESELLEŞME İLE EKONOMİK BÜYÜME ARASINDAKİ İLİŞKİ: AB ÖRNEĞİ
Çetin, M., & ÇINAR, U. (2022) · Doğuş Üniversitesi Dergisi · doi:10.31671/doujournal.1180901 · Cited by 4 · see citing works
Re-visiting the Savings-Led Growth Hypothesis and Its Stability in East Asian Economies
Tang, C. F., & Tan, E. C. (2017) · International Economic Journal · doi:10.1080/10168737.2017.1325386 · Cited by 4 · see citing works
Remittances Impact on Economic Growth, Domestic Savings and Domestic Capital at the Presence of ODA and FDI in selected MENA Countries
Sabra, M. M. (2016) · International Journal of Academic Research in Economics and Management Sciences · doi:10.6007/ijarems/v5-i1/2135 · Cited by 4 · see citing works
Data for: Financial inclusion, saving and borrowing behaviors in the United Arab Emirates and the United States: A comparative Analysis
Niankara, I. (2018) · Data Archiving and Networked Services (DANS) · doi:10.17632/m2nxnk87nc · Cited by 4 · see citing works
The Effects of Foreign Resource Inflow and Savings on the Economic Growth of South Africa: A VAR Analysis
Leshoro, T. L. A. (2014) · Journal of Economics and Behavioral Studies · doi:10.22610/jebs.v6i3.486 · Cited by 4 · see citing works
Determinants of National Saving In Saudi Arabia
Touny, M. A., & Khder, J. (2013) · المجلة العربیة للإدارة · doi:10.21608/aja.2013.19847 · Cited by 4 · see citing works
Oil price, energy consumption and CO2 emissions as growth determinants: a PVAR system GMM approach
Ajayi, T. A. (2024) · International Journal of Energy Sector Management · doi:10.1108/ijesm-09-2023-0013 · Cited by 3 · see citing works
GROWTH IMPACT OF SAVINGS ON THE NIGERIAN ECONOMY
Nwonye, N. G., Ihegboro, I. M., Chukwuma, O. V., & Ijeoma, O. (2022) · European Journal of Economic and Financial Research · doi:10.46827/ejefr.v6i1.1203 · Cited by 3 · see citing works
Foreign Aid to Bangladesh: Some Iconoclastic Issues
Istiak, K. (2012) · The Journal of Developing Areas · doi:10.1353/jda.2012.0005 · Cited by 3 · see citing works
Transnational economic and security engagements in Africa and their implications for Sustainable Development Goals
Logan, C. S., & Manasseh, C. O. (2026) · Corporate Governance and Sustainability Review · doi:10.22495/cgsrv10i3p11 · Cited by 2 · see citing works
POVERTY ALLEVIATION THROUGH EMPOWERMENT OF VILLAGE-OWNED ENTERPRISES: A CASE STUDY IN DONGGALA REGENCY
Rantung, E., Basir, M., Alam, M. N., & Hadayani (2022) · International Journal of Agriculture Environment and Bioresearch · doi:10.35410/ijaeb.2021.5694 · Cited by 2 · see citing works
Nexus between stock market and agricultural sector development in Nigeria and South Africa: Accounting for three-regime marginal-threshold effects
Manasseh, C. O., Logan, C. S., Okanya, O. C., Ede, K. K., Onuselogu, O. C. O., Olelewe, C. A., & Nwakoby, I. C. (2025) · Scientific African · doi:10.1016/j.sciaf.2025.e02575 · Cited by 2 · see citing works
The Impact of Institutional Quality on Stock Market Performance in Emerging Economy: Evidence from the ARDL Bound Approach
Lin, W. L., Inam, A., & Law, S. H. (2021) · International symposia in economic theory and econometrics · doi:10.1108/s1571-038620210000028011 · Cited by 2 · see citing works
Aggregate Public-Private Remuneration Patterns in South Africa
Wörgötter, A., & Nomdebevana, S. (2020) · Atlantic Economic Journal · doi:10.1007/s11293-020-09684-0 · Cited by 2 · see citing works
Foreign Aid Inflow and Domestic Savings in Uganda: Error Correction Modelling
Tumwebaze, H., Ssemanda, E. P., & Bbaale, E. (2020) · Journal of World Economic Research · doi:10.11648/j.jwer.20200901.17 · Cited by 2 · see citing works
Multi-scale causality between saving and growth: evidence from China
Zhang, X., Hang, J., & Liu, X. (2016) · Applied Economics Letters · doi:10.1080/13504851.2016.1229403 · Cited by 2 · see citing works
The Dynamics of Savings Mobilisation in Lesotho
Simelane, B. P., & Odhiambo, N. M. (2019) · Studia Universitatis „Vasile Goldis” Arad – Economics Series · doi:10.2478/sues-2019-0014 · Cited by 2 · see citing works
Self-citation
Foreign direct investments as a means of financing the economic development of Southeastern European countries
Stojanović, D. (2020) · Poslovna ekonomija · doi:10.5937/poseko17-26436 · Cited by 2 · see citing works
The interdependence between the saving rate and technology across regimes: evidence from South Africa
Nell, K. S., & Mello, M. M. D. (2017) · Empirical Economics · doi:10.1007/s00181-017-1354-y · Cited by 1 · see citing works
Households savings and inflation expectations: Cointegrated evidence from South Africa
Khumalo, M. (2014) · Corporate Ownership and Control · doi:10.22495/cocv12i1c6p4 · Cited by 1 · see citing works
Contribution of Voluntary Patriotic Practices on Poverty Reduction Initiatives in Zanzibar
Mahmoud, A. M. (2018) · Current Investigations in Agriculture and Current Research · doi:10.32474/ciacr.2018.05.000224 · Cited by 1 · see citing works
Theoretical issues on the African Stock Markets and Portfolio Performance
Odera, O. (2012) · Cited by 1 · see citing works
Macroeconomic policy volatility and household consumption in Africa
Adekunle, I. A., Tella, S. A., & Adelowokan, O. A. (2021) · SN Business & Economics · doi:10.1007/s43546-021-00055-8 · Cited by 1 · see citing works
The problem of economic growth in Sub-Saharan Africa
Klutse, S. K. (2020) · doi:10.14232/casep21c.9 · Cited by 1 · see citing works
Saving structure, housing speculation, and economic growth in the Iranian economy
Mohammadzaheh, Y., & Refah-Kahriz, A. (2022) · Journal of Social and Economic Development · doi:10.1007/s40847-022-00214-z · Cited by 1 · see citing works
Analyzing the Impact of Foreign Capital Inflows on Domestic Savings in Pakistan: A Comprehensive Time Series Investigation
Batool, M., Sheikh, M. R., Abbas, A., & Ashraf, S. (2023) · Journal of Economic Sciences · doi:10.55603//jes.v2i2.a2 · Cited by 1 · see citing works
Yurtiçi Tasarruflar ve Ekonomik Büyüme Arasındaki İlişki: Türkiye Örneği
BARIŞ, S., & Uzay, N. (2015) · DergiPark (Istanbul University) · doi:10.18070/euiibfd.66844 · Cited by 1 · see citing works
Savings and economic growth in Portugal: cointegration and causality
Henriques, R., Simões, M. C. N., & Duarte, A. P. (2014) · Boletim de Ciências Económicas · doi:10.14195/0870-4260_57-2_9 · Cited by 1 · see citing works
Saving Behaviour in Turkey: Where Are We? And What Can We Do About It?
Tatlıyer, M. (2018) · Springer eBooks · doi:10.1007/978-3-319-70380-0_11 · Cited by 1 · see citing works
Saving, debt inflows, and growth Nexus in Tunisia / Les liens de causalité entre épargne, flux d'endettement et croissance économique en tunisie
Abdelhafidh, S. (2011) · Savings and Development · doi:10.2307/savideve.35.1.29 · Cited by 1 · see citing works
Benevolent savings and macroeconomic variables: some empirical evidence from Iran
Tohidinia, A., Oryoie, A. R., & Mohseni-Cheraghlou, A. (2020) · Macroeconomics and Finance in Emerging Market Economies · doi:10.1080/17520843.2020.1854810 · Cited by 1 · see citing works
Foreign direct investment, domestic savings and economic growth: The case of Russian federation
Rajabova, S. (2013) · Eastern Mediterranean University Institutional Repository (Eastern Mediterranean University) · Cited by 1 · see citing works
A comparative analysis of rural and urban household savings behaviour in South Africa
Chimeri, R. H. (2015) · Cited by 1 · see citing works
Exploring financial literacy and debt levels of middle class households in Ngaka Modiri Molema District, South Africa
Matebele, M. G. (2016) · Boloka Institutional Repository (North-west University) · Cited by 1 · see citing works
Proceedings of the European Union’s Contention in the Reshaping Global Economy
(2020) · doi:10.14232/eucrge.2020.proc · Cited by 1 · see citing works
Emipirical Evidence of Causality between Electricity and Economy
Wabuyabo, O. B. M., & Kaseeram, I. (2011) · Advanced materials research · doi:10.4028/www.scientific.net/amr.347-353.32
Is Financial Development A Factor to the Leading Growth Profile of the South African Economy in the Sub-Saharan Continents? Uncovering the Hidden Secret
Rafindadi, A. A., & Yusof, Z. (2013) · Abstract of Economic, Finance and Management Outlook
The Causal Relationship Between Saving and Growth : Case of Colombia, Mexico, Sweden and the UK
Khamsi, P. R. (2016) · KTH Publication Database DiVA (KTH Royal Institute of Technology)
Is the savings-led growth hypothesis valid for Zimbabwe?
Tsaurai, K. (2013) · Corporate Ownership and Control · doi:10.22495/cocv10i3art1
Getting Voluntary Patriotic Practices Integrated in Poverty Reduction Policy Frameworks
Mahmoud, A. M. (2018) · Current Investigations in Agriculture and Current Research · doi:10.32474/ciacr.2019.06.000227

Authors: Odhiambo, N. M.
Affiliations: University of South Africa (ZA)
Corresponding author: Odhiambo, Nicholas M.
ORCID: Odhiambo, Nicholas M.
Venue: Journal of Policy Modeling
Publisher: Elsevier BV
Published: 2009-09
Volume: 31
Issue: 5
Pages: 708-718
ISSN: 0161-8938 (ISSN-L)
DOI: 10.1016/j.jpolmod.2009.04.001
OpenAlex: W2018804362
Cited by: 111
References: 39
Citations by year: 2026: 4 · 2025: 3 · 2024: 3 · 2023: 6 · 2022: 9 · 2021: 8 · 2020: 14 · 2019: 10 · 2018: 6 · 2017: 5 · 2016: 9 · 2015: 6 · 2014: 8 · 2013: 9 · 2012: 7
FWCI: 8.94
Type: journal article
Language: en
Open access: closed
Licence: www.elsevier.com/tdm/userlicense/1.0/ (tdm)
www.elsevier.com/legal/tdmrep-license (tdm)
Locations: Journal of Policy Modeling (publishedVersion)
RePEc: Research Papers in Economics (submittedVersion)
Unisa Institutional Repository (University of South Africa) (submittedVersion)
Topics: Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Economic Theory and Policy
Keywords: savings, economic growth, foreign capital inflows, South Africa, Granger causality

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review

Savings and economic growth in South Africa: A multivariate causality test

Integrity signals

Claims the paper makes

Claims other papers make about this one

Cites

Cited by

Related

Record

About these checks