Rao, B. Bhaskara; Tamazian, Artur; Kumar, Saten - Volkswirtschaftliche Fakultät, … - 2009
A systems GMM estimation method is used to estimate the Feldstein-Horioka equation from 1960-2007 with a panel of 12 OECD countries. It is found that the Feldstein-Horioka puzzle exists in a weaker form with a much reduced saving retention coefficient. The Bretton Woods agreement in particular...