The impact of gross domestic saving on economic growth of Uganda (1985 – 2015)
Abstract
This paper used data from 1985 to 2015 to find the impact of gross domestic savings (GDS) on
economic growth in Uganda; the study used the vector error correction technique to model GDP.
It as well applied time series property test to test for unit root and co-integration in the variables.
The empirical study found that the data were stationary and co-integrated. The vector error
correction model (VECM) results showed that gross domestic savings (GDS) have a positive
significant impact on Economic growth (GDP) it further revealed that other variables like gross
domestic income (GDI), gross national saving (GDS,) and gross fixed capital formation (GFCF)
all had positively affect GDP. The study has therefore recommended and identified to enhance
gross domestic savings and gross domestic income to promote sustainable growth