ARDL Modeling of the Impact of Financial Reforms on Private Domestic Saving in Cameroon
Keywords:
financial reforms, private domestic savings, ARDL modeling approach
Abstract
The aim of this study is to model the effects of financial sector reforms on private domestic savings in Cameroon. After building an econometric model of private domestic savings from the theory of financial repression of McKinnon and Shaw (1973), it is analyzed using ARDL co integration approach. The results indicate that there exist a long run negative and significant relationship between private domestic savings and financial reforms. In the short run, this relationship is positive though not significant. On the basis of these results, we recommend that Cameroonian authorities, in their quest for growth and prosperity for the country, should envisage revising the ongoing liberalization process in the country.
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2019-10-31
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