unanticipated and anticipated tax reforms. First, an unanticipated tax reform produces an expansion of GDP, labor, and investment … dispersion in sectoral output responses. As long as investment is both traded and non traded, a tax reform substantially raises …

investment for most EU member countries. Robustness tests show that this result holds up in the presence of both policy … strong impact on investment and labor markets. Copyright Kluwer Academic Publishers 2001 …

mobility have examined the relationship between domestic saving and investment rates. The first approach assesses the mobility … countries. Implementation of four different tests of the saving-investment relationship suggest that physical capital is more …

Some economists have argued that the close association between domestic saving and investment rates justify polices … aimed at altering domestic saving flows so as to influence domestic investment flows. This interpretation assumes an … endogenous investment response. Equally likely, theoretically, is that the close association is maintained by movements in saving …

. Using this model, I demonstrate how a positive investment-saving correlation can arise in a world with endogenous fiscal … capital mobility. This implies that the observed investment-saving comovement is not necessarily due to imperfect capital … investment. Empirical examination of this prediction indicates that U.S. time series data is compatible with the hypothesis of …

Feldstein and Horioka (1980) argued that the cross-sectional correlation of saving and investment provides a test of …