Saving and Economic Growth in Thailand

Abstract

In this paper, we study the long run relationship between saving and economic growth in Thailand using time series data for 1950-96. We distinguish between private saving and total saving in our paper. WE find that there is a long run relationship between per capita GDP and total saving but not between private saving and per capita GDP. Our causality tests show that there is no evidence of any causal relationship between the growth of per capita GDP and the growth of total saving or between the growth of per capita GDP and the growth of private saving.