financial liberalization on domestic investment and savings, the current account balance and the real exchange rate, both when …

saving-investment balance. The results show that budget deficit, economic growth, FDI and financial intermediation are the …

fluctuations in savings on domestic investment and the current account? In the long run, we find that countries invest the marginal …Faced with income fluctuations, countries smooth their consumption by raising savings when income is high, and vice … versa. How much of these savings do countries invest at home and abroad? In other words, what are the effects of …

fluctuations in savings on domestic investment and the current account? In the long run, we find that countries invest the marginal …Faced with income fluctuations, countries smooth their consumption by raising savings when income is high, and vice … versa. How much of these savings do countries invest at home and abroad? In other words, what are the effects of …

view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to …

In 1980 Feldstein and Horioka (F-H) found high saving-investment cross-section correlation among OECD countries and … stimulated a vigorous debate. Since the saving-investment association has been largely confirmed in many subsequent studies … adjustment mechanism exists; this generates small net external imbalances relative to total saving and investment. The F …