This study estimates the Feldstein and Horioka (FH, 1980) model and examines the International Mobility of Capital (IMC) for a balanced panel of 24 OECD countries. The results provide consistent support for moderate mobility of capital and for cointegrating relationship between domestic saving...

The study estimates the generalized autoregressive conditional heteroskedasticity (GARCH) model for a comprehensive set of both weighted (export and trade) as well as unweighted (official and black market) real exchange rate series in India. The study finds the evidence of dimensionally weak and...