http://dx.doi.org/10.31703/gssr.2020(V-III).07
10.31703/gssr.2020(V-III).07
Published : Sep 3
Exploring the Presence of Balanced Growth: Empirical Evidence from Denmark
The aim of present study was to explore existence of long-run association between consumption, income and investment implied by Balanced Growth proposition of Neo-classical-growth-model of the Solow and Swan (1956). Using quarterly data on consumption, income and investment from 1995q1 through 2018q4. The study have tested the balanced growth hypothesis for the Denmark. Using standard Vector-Auto-Regression technique of Johansen (1988) and Johansen and Juselius (1990) analysed the output shocks to both consumption and investment. Although, there exists cointegration implying long run relationship, the results are not consistent with the balanced-growth-hypothesis (BGH) with given data sample for Denmark.
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Balanced Growth, Consumption, Investment, Output, cointegration, Time Series, Impulse Response, Variance Decomposition
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(1) Ghulam Yahya Khan
Assistant Professor, Kashmir Institute of Economics, University of Azad Jammu & Kashmir, Muzaffarabad, Pakistan.
(2) Muhammad Masood Anwar
PhD Scholar, Kashmir Institute of Economics, University of Azad Jammu & Kashmir, Muzaffarabad, Pakistan.
(3) Aftab Anwar
Assistant Professor, University of Education Lahore, Punjab, Pakistan.
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Cite this article
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APA : Khan, G. Y., Anwar, M. M., & Anwar, A. (2020). Exploring the Presence of Balanced Growth: Empirical Evidence from Denmark. Global Social Sciences Review, V(III), 64-74. https://doi.org/10.31703/gssr.2020(V-III).07
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CHICAGO : Khan, Ghulam Yahya, Muhammad Masood Anwar, and Aftab Anwar. 2020. "Exploring the Presence of Balanced Growth: Empirical Evidence from Denmark." Global Social Sciences Review, V (III): 64-74 doi: 10.31703/gssr.2020(V-III).07
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HARVARD : KHAN, G. Y., ANWAR, M. M. & ANWAR, A. 2020. Exploring the Presence of Balanced Growth: Empirical Evidence from Denmark. Global Social Sciences Review, V, 64-74.
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MHRA : Khan, Ghulam Yahya, Muhammad Masood Anwar, and Aftab Anwar. 2020. "Exploring the Presence of Balanced Growth: Empirical Evidence from Denmark." Global Social Sciences Review, V: 64-74
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MLA : Khan, Ghulam Yahya, Muhammad Masood Anwar, and Aftab Anwar. "Exploring the Presence of Balanced Growth: Empirical Evidence from Denmark." Global Social Sciences Review, V.III (2020): 64-74 Print.
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OXFORD : Khan, Ghulam Yahya, Anwar, Muhammad Masood, and Anwar, Aftab (2020), "Exploring the Presence of Balanced Growth: Empirical Evidence from Denmark", Global Social Sciences Review, V (III), 64-74
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TURABIAN : Khan, Ghulam Yahya, Muhammad Masood Anwar, and Aftab Anwar. "Exploring the Presence of Balanced Growth: Empirical Evidence from Denmark." Global Social Sciences Review V, no. III (2020): 64-74. https://doi.org/10.31703/gssr.2020(V-III).07