International Capital Mobility in OECD Countries: The Feldstein-Horioka 'Puzzle' Revisited

We utilise the most recent time series techniques of dynamic OLS and examine international capital mobility across 23 OECD countries. We adopt the saving-investment approach where the endogeneity problem is confronted. Our findings show that capital is remarkably mobile in most countries over the last three decades.

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Year of publication:	1997-12
Authors:	Hussein, Khaled A.
Institutions:	School of Economics, University of Kent
Subject:	Feldstein-Horioka puzzle \| saving-investment \| cointegration

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Series:	Studies in Economics. - ISSN 1466-0814.
Type of publication:	Book / Working Paper
Notes:	Published in Economics Letters, 1998, 59, pp.237-242
Classification:	F32 - Current Account Adjustment; Short-Term Capital Movements
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005763201