Bangaké, Chrysost; Eggoh, Jude - In: Economics Bulletin 30 (2010) 1, pp. 73-83
This paper investigates the Feldstein-Horioka coefficients and legal origins for 37 African countries using the recently developed panel cointegration techniques. The empirical findings reported in the paper reveal that savings and investment are nonstationary and cointegrated series. The...