Chang, Yanqin; Smith, R. Todd - In: European Economic Review 72 (2014) C, pp. 98-112
—has been referred to as the “mother of all puzzles.” Perhaps more puzzling is that for emerging economies saving–investment … Feldstein–Horioka puzzle: positive saving–investment correlations in both advanced and emerging economies and significantly … lower saving–investment correlations in emerging economies than in advanced economies. The main features of the model …