Japan (1975-1997, N = 47, T = 23, NT = 1081)

Numbers of factors for total savings:

Bai-Ng (2002)

ICp2

BIC3

Onatski

10

8

3

Numbers of factors for private investment:

Bai-Ng (2002)

ICp2

BIC3

Onatski

10

7

1

Indonesia (1983-2012, N = 26, T = 30, NT = 780)

Numbers of factors for gross savings:

Bai-Ng (2002)

ICp2

BIC3

Onatski

9

9

10

Numbers of factors for gross investment:

Bai-Ng (2002)

ICp2

BIC3

Onatski

10

9

5