Adedeji, Olumuyiwa S.; Thornton, John - In: Journal of African Economies 16 (2007) 3, pp. 393-405
Recently developed panel co-integration techniques are applied to data for six African countries to test the Feldstein--Horioka approach to measuring capital mobility. The results suggest three conclusions: savings and investment in panel data are non-stationary series and they are co-integrated;...