Felipe, Jesus; Fullwiler, Scott; Yusoph, Al-Habbyel - 2022
This paper argues that the 40-year-old Feldstein-Horioka "puzzle" (i.e., that in a regression of the domestic … saving series typically used in empirical exercises to test the Feldstein-Horioka thesis are not appropriate for testing … less than one in absolute terms, it should come as no surprise that the Feldstein-Horioka regression yields a coefficient …