closer integration of world capital markets. By reducing constraints on international capital flows, this movement makes the …

Domestic savings and investment are positively correlated across countries and through time, as Feldstein-Horioka (FH … relationship is causal: an exogenous rise in savings increases investment. This result holds in the full sample of countries and … endogeneity bias. The core of our identification strategy relies on the idea that population age structure influences savings, but …

Feldstein and Horioka (1980) argued that the correlation of saving and investment in a cross-section of countries may … investment should be cointegrated over time. Simulations show that the cross-section regressions used in the literature will …

The relationship between regional saving and investment is examined to measure the extent of capital mobility. The … relationship between total regional saving and investment is significantly negative in Canada and the United Kingdom, in contrast … poor regions. The relationship between personal saving and private investment is insignificant in the U.K. and Germany and …

The previous literature points to a high correlation between domestic rates of investment and savings among OECD … investment on the rate of domestic savings is statistically insignificant most of the time and generally smaller than 0.3 for any … countries. Some take this as evidence of limited financial integration in the industrialized world. This paper presents new …

Italy and provinces in Canada. Analyzing saving-investment correlations, and developing as well as fitting to the data a …

This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over …