The Feldstein-Horioka Puzzle Revisited

This paper shows that the Feldsteins & Horioka (1980) test does not measure capital mobility, but just the variability between domestic and external savings. Furthermore, it concludes that the Coakley, Kulasi & Smith (1996) test for current account solvency, is a necessary, but not sufficient, condition for current account solvency

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Year of publication:	2000
Authors:	Sachsida, Adolfo ; Caetano, Marcelo Abi-Ramia
Publisher:	[S.l.] : SSRN
Subject:	OECD-Staaten \| OECD countries \| Kapitalmobilität \| Capital mobility \| Sparen \| Savings \| Investition \| Investment

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Extent:	1 Online-Ressource (6 p)
Type of publication:	Book / Working Paper
Language:	English
Other identifiers:	10.2139/ssrn.218752 [DOI]
Classification:	F21 - International Investment; Long-Term Capital Movements
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014162861