Tang, Chor Foon; Lean, Hooi Hooi - In: Economics Bulletin 31 (2011) 3, pp. 2237-2249
The aim of this study is to re-visit the Feldstein and Horioka (1980) puzzle for Malaysia. The conventional bounds testing approach cannot show any evidence of cointegration between savings and investment. However, the result of our proposed rolling bounds test approach shows that the...