increases in domestic savings rates induce approximately equal increases in domestic rates of investment. New estimates for the … flows than to their short-run behavior. Coefficient estimates based on annual variations in savings and investment are … post-OPEC period 1974-79 imply that each extra dollar of domestic saving increases domestic investment by approximately 85 …

investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving …

savings glut there should have been a large investment boom in the countries that imported capital. Instead, those countries …Bernanke (2005) hypothesized that a "global savings glut" was causing large trade imbalances. However, we show that the … global savings rates did not show a robust upward trend during the relevant period. Moreover, if there had been a global …

international capital flows or, equivalently, between domestic saving rates and domestic investment. The basic conclusion of the … present analysis is that an increase in domestic saving has a substantial effect on the level of domestic investment although … a smaller effect than would have been observed in the 1960s and 1970s. The savings retention coefficient for the 1980 …

How internationally mobile is the world's supply of capital? Does capital flow among industrial countries to equalize …

-run criteria for capital mobility using time-series and cross-section analysis of saving-investment correlation for twelve …

saving and investment rates since the 1960s. According to conventional wisdom, the result provides evidence of international … capital market imperfections. The macroeconomic theory of small open economies prescribes a relationship between the … composition of aggregate demand and its relative price structure, a linkage hitherto ignored in the saving-investment literature …

Foreign direct investment (FDI) is observed to be a predominant form of capital flows to low and middle income … countries with insufficiently developed capital markets. This paper analyzes the problem of channeling domestic savings into … productive investment in the presence of asymmetric information between the managing owners of firms and other portfolio …

technology of private investment. Government policies that discourage saving might make the Schumpeterian vision of a shift from …