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 …

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 …

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 …

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

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

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 …

-run capital flows in both theory and in the data. For this purpose, we develop a two region overlapping generations model where …

This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing … for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that … neglecting heterogeneity and dynamics can lead to misleading inferences about the key determinants of savings behavior. The …

lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of uncertainty, we find for a … panel of advanced economies that greater labor income uncertainty is significantly associated with higher household savings … precautionary savings motive …