Abstract
The study uses data on 14 countries (Taylor, 1994) to investigate if the saving-retention coefficient varies with country size. A novel semiparametric smooth-coefficient approach of Koop and Tobias (2005) is employed to make posterior inference via the Gibbs sampler algorithm. Empirical results show an overwhelming evidence in support of a positive (nonlinear) relationship between the saving-retention coefficient and country size.
Original language | English |
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Pages (from-to) | 247-250 |
Number of pages | 4 |
Journal | Applied Economics Letters |
Volume | 13 |
Issue number | 4 |
DOIs | |
Publication status | Published - 2006 Mar 15 |
Externally published | Yes |
ASJC Scopus subject areas
- Economics and Econometrics