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:	[2021]
Authors:	Giannone, Domenico ; Lenza, Michele
Publisher:	[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 (30 p)
Series:	ECB Working Paper ; No. 873
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 2008 erstellt
Other identifiers:	10.2139/ssrn.1091122 [DOI]
Classification:	C23 - Models with Panel Data ; F32 - Current Account Adjustment; Short-Term Capital Movements ; F41 - Open Economy Macroeconomics
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013316585