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Eine Untersuchung der Ersparnis-Investitions-Korrelation in Deutschland
Kellermann, Kersten | Schlag, Carsten-Henning
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 119 (1999), Iss. 1 : pp. 99–119
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Kellermann, Kersten
Schlag, Carsten-Henning
Abstract
We analyze the correlation between saving and investment in Germany using national data as well as data from the old german Bundesländer. The empirical results shows that the national saving retention coefficient between 1960 and 1994 is 0.63 and the intranational saving retention coefficient between 1970 and 1994 is 0.38. In our paper we argue on theoretical and empirical grounds that the application of saving and investment shares are inappropiate. In our regression model the long-run effect between saving and investment is analyze with cointegration methods in a time series and a panel approach.