DO GROSS NATIONAL SAVINGS AND GROSS CAPITAL FORMATION CONTRIBUTE TO OMAN’S ECONOMIC GROWTH? AN EMPIRICAL STUDY
The purpose is to examine the long-term relationship & cointegration among gross domestic product (GDP), gross capital formation (GFC), and gross national savings (GNS) at the current price level in Oman. The study has taken secondary data from the last 10 years (2010–2021). The study design is...
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| Format: | Article |
| Language: | English |
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University of Bacău
2023-07-01
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| Series: | Studies and Scientific Researches: Economics Edition |
| Subjects: | |
| Online Access: | http://sceco.ub.ro/index.php/SCECO/article/view/545 |
| _version_ | 1797333675262607360 |
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| author | Neetu Kwatra |
| author_facet | Neetu Kwatra |
| author_sort | Neetu Kwatra |
| collection | DOAJ |
| description | The purpose is to examine the long-term relationship & cointegration among gross domestic product (GDP), gross capital formation (GFC), and gross national savings (GNS) at the current price level in Oman. The study has taken secondary data from the last 10 years (2010–2021). The study design is longitudinal. The studies applied the correlogram test to check whether the series are stationary or not. and also, the Granger causality test to find the direction of the GDP, GFC, and GNS. This study further used the Eagle Granger residual-based cointegration test and DOLS approaches to identify the long-run cointegration between GDP and its independent variable. With the application of the correlogram test, it has been found that GDP and GFC are stationary at their current levels, whereas GNS is stationary at the first difference. The study reported that there is no significant relationship between saving, capital formation, and economic growth at current prices. However, the finding also that there is no long-run cointegration between GDP at current prices and GNS and GFC. As the study is based on the current price which affects nominal GDP, not real GDP. It has been suggested to increase the saving to achieve a constant growth rate. |
| first_indexed | 2024-03-08T08:08:23Z |
| format | Article |
| id | doaj.art-582dd562dd0b4652b79c4ea3b43a3a7e |
| institution | Directory Open Access Journal |
| issn | 2066-561X 2344-1321 |
| language | English |
| last_indexed | 2024-03-08T08:08:23Z |
| publishDate | 2023-07-01 |
| publisher | University of Bacău |
| record_format | Article |
| series | Studies and Scientific Researches: Economics Edition |
| spelling | doaj.art-582dd562dd0b4652b79c4ea3b43a3a7e2024-02-02T09:56:05ZengUniversity of BacăuStudies and Scientific Researches: Economics Edition2066-561X2344-13212023-07-0103710.29358/sceco.v0i37.545467DO GROSS NATIONAL SAVINGS AND GROSS CAPITAL FORMATION CONTRIBUTE TO OMAN’S ECONOMIC GROWTH? AN EMPIRICAL STUDYNeetu Kwatra0University Of Technology and Applied Sciences-Al Mussunah-OmanThe purpose is to examine the long-term relationship & cointegration among gross domestic product (GDP), gross capital formation (GFC), and gross national savings (GNS) at the current price level in Oman. The study has taken secondary data from the last 10 years (2010–2021). The study design is longitudinal. The studies applied the correlogram test to check whether the series are stationary or not. and also, the Granger causality test to find the direction of the GDP, GFC, and GNS. This study further used the Eagle Granger residual-based cointegration test and DOLS approaches to identify the long-run cointegration between GDP and its independent variable. With the application of the correlogram test, it has been found that GDP and GFC are stationary at their current levels, whereas GNS is stationary at the first difference. The study reported that there is no significant relationship between saving, capital formation, and economic growth at current prices. However, the finding also that there is no long-run cointegration between GDP at current prices and GNS and GFC. As the study is based on the current price which affects nominal GDP, not real GDP. It has been suggested to increase the saving to achieve a constant growth rate.http://sceco.ub.ro/index.php/SCECO/article/view/545gross domestic productgross national savinggross capital formationcointegrationcurrenteconomy |
| spellingShingle | Neetu Kwatra DO GROSS NATIONAL SAVINGS AND GROSS CAPITAL FORMATION CONTRIBUTE TO OMAN’S ECONOMIC GROWTH? AN EMPIRICAL STUDY Studies and Scientific Researches: Economics Edition gross domestic product gross national saving gross capital formation cointegration current economy |
| title | DO GROSS NATIONAL SAVINGS AND GROSS CAPITAL FORMATION CONTRIBUTE TO OMAN’S ECONOMIC GROWTH? AN EMPIRICAL STUDY |
| title_full | DO GROSS NATIONAL SAVINGS AND GROSS CAPITAL FORMATION CONTRIBUTE TO OMAN’S ECONOMIC GROWTH? AN EMPIRICAL STUDY |
| title_fullStr | DO GROSS NATIONAL SAVINGS AND GROSS CAPITAL FORMATION CONTRIBUTE TO OMAN’S ECONOMIC GROWTH? AN EMPIRICAL STUDY |
| title_full_unstemmed | DO GROSS NATIONAL SAVINGS AND GROSS CAPITAL FORMATION CONTRIBUTE TO OMAN’S ECONOMIC GROWTH? AN EMPIRICAL STUDY |
| title_short | DO GROSS NATIONAL SAVINGS AND GROSS CAPITAL FORMATION CONTRIBUTE TO OMAN’S ECONOMIC GROWTH? AN EMPIRICAL STUDY |
| title_sort | do gross national savings and gross capital formation contribute to oman s economic growth an empirical study |
| topic | gross domestic product gross national saving gross capital formation cointegration current economy |
| url | http://sceco.ub.ro/index.php/SCECO/article/view/545 |
| work_keys_str_mv | AT neetukwatra dogrossnationalsavingsandgrosscapitalformationcontributetoomanseconomicgrowthanempiricalstudy |