The Feldstein-Horioka Fact

This paper shows that general equilibrium effects can partly rationalize the high correlation between saving and investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving-retention coefficient remains high in the 70's but decreases considerably since the 80's, consistently with the increased capital mobility in OECD countries

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Year of publication:	2010
Authors:	Giannone, Domenico
Other Persons:	Lenza, Michele (contributor)
Publisher:	[2010]: [S.l.] : SSRN
Subject:	OECD-Staaten \| OECD countries \| Theorie \| Theory \| Sparen \| Savings \| Investition \| Investment \| Kapitalmobilität \| Capital mobility \| Entwicklungshilfe \| Development aid

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Extent:	1 Online-Ressource (21 p)
Series:	NBER Working Paper ; No. w15519
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 2009 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

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