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EXPLORING THE PRESENCE OF BALANCED GROWTH EMPIRICAL EVIDENCE FROM DENMARK

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07 Pages : 64-74

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

Abstract

    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.

    Balanced Growth, Consumption, Investment, Output, cointegration, Time Series, Impulse Response, Variance Decomposition

    (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

APA

    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

CHICAGO

    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

HARVARD

    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.

MHRA

    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

MLA

    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.

OXFORD

    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

TURABIAN

    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