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Low savings rates in the economic community of West African States (Ecowas): The role of the political instability-income interaction


Abu, Nurudeen and Abd Karim, Mohd Zaini and Azman Aziz, Mukhriz Izraf (2014) Low savings rates in the economic community of West African States (Ecowas): The role of the political instability-income interaction. South East European Journal of Economics and Business, 8 (2). pp. 53-63. ISSN 2233-1999

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Abstract

This paper employs PCSE, OLS and TSLS with random effects to investigate the impact of the political instabilityincome interaction on savings in ECOWAS countries during the period 1996-2012.The empirical evidence illustrates that higher political stability is associated with higher savings and income levels moderate the adverse effect of political instability on savings, indicating that the impact of political instability on savings is higher in low income ECOWAS countries, but lesser at higher levels of income. The paper recommends the promotion of political stability via increases in incomes to raise savings in the ECOWAS region.

Item Type: Article
Uncontrolled Keywords: savings, political instability.
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Othman Yeop Abdullah Graduate School of Business
Depositing User: Prof. Dr. Mohd Zaini Abd Karim
Date Deposited: 11 Aug 2015 02:08
Last Modified: 12 Apr 2016 07:07
URI: http://repo.uum.edu.my/id/eprint/15108

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