Department of Economics2024-11-10199610.1080/1350485963567352-s2.0-5744244055http://dx.doi.org/10.1080/135048596356735https://hdl.handle.net/20.500.14288/17472The long-run saving-investment correlation for the 24 OECD countries is re-examined using the Johansen procedure. It is found that saving and investment rates are not correlated in the long run for the majority of OECD countries. In the countries where cointegration is found, the Gonzalo-Granger common factor analysis suggests that saving is the driving force of the cointegrated system.EconomicsJournal ArticleA1996UB71200004753