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Demographics, old-age transfers and the current account
Dao, Mai; Jones, Callum - 2018
-run capital flows in both theory and in the data. For this purpose, we develop a two region overlapping generations model where …
Persistent link: https://www.econbiz.de/10011978549
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The Feldstein-Horioka Test of International Capital Mobility : Is it Feasible?
Jansen, W. J. - 1996
Feldstein and Horioka (1980) argued that the correlation of saving and investment in a cross-section of countries may provide a test of global capital mobility. This paper argues that neither the long-run nor the short-run correlation can serve as a reliable basis for such a test. The...
Persistent link: https://www.econbiz.de/10014398034
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Saving-Investment Correlations : Immobile Capital. Government Policy or Endogenous Behavior?
International Monetary Fund - 1989
This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over time. It is concluded that the main reason for the observed high correlations over the recent period is probably government policy
Persistent link: https://www.econbiz.de/10014396226
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India’s recent macroeconomic performance : an assessment and way forward
Kapur, Muneesh; Mohan, Rakesh - 2014
Persistent link: https://www.econbiz.de/10010388634
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Reexamining the national savings-investment nexus across time and countries
David, Antonio C.; Gonçalves, Carlos Eduardo Soares; … - 2020
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 …
Persistent link: https://www.econbiz.de/10012299319
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Developing Countries and the Feldstein-Horioka Puzzle
Wacziarg, Romain - 1998
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 …
Persistent link: https://www.econbiz.de/10014400839
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Capital Markets and External Current Accounts : What to Expect From the Euro
Decressin, Jörg - 2000
The paper compares the degree of capital market integration across euro-area countries with that across regions in Italy and provinces in Canada. Analyzing saving-investment correlations, and developing as well as fitting to the data a model of capital flows, reveal no compelling differences...
Persistent link: https://www.econbiz.de/10014403500
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Financing of Global Imbalances
Punzi, Maria Teresa - 2007
This paper analyzes the determinants of bond flows, now the dominant source of capital inflows, into the United States, as a means of establishing conditions affecting the financing of the U.S. current account deficit. To test the hypothesis that capital flows have become more responsive to...
Persistent link: https://www.econbiz.de/10014401259
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Saving, Investment, and the Regional Current Account : An Analysis of Canadian, British, and German Regions
Thomas, Alun H. - 1993
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 to the significant positive relationship found...
Persistent link: https://www.econbiz.de/10014398181
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Saving, Investment, Financial Integration, and the Balance of Payments
International Monetary Fund - 1989
This paper examines the extent of international financial integration, and its consequences for the current account. The evidence indicates that financial liberalization in the 1970s and 1980s has resulted in a substantial movement towards closer integration of world capital markets. By reducing...
Persistent link: https://www.econbiz.de/10014395900