1979-2001. For this purpose, the Feldstein-Horioka equation linking domestic savings and investment is estimated. However … estimation of the long-run saving retention coefficient. There is strong evidence of cointegration between domestic savings and … investment. Panel estimation based on fully modified ordinary least squares indicates that capital is imperfectly mobile with a …

Since the study of Feldstein/Horioka (1980), the high correlation between investment and saving rates is a … together, the following conclusions can be drawn. Firstly, no long-term relationships exist between the national investment …

Additional evidence on savings and investment relationship in developing countries has been provided using conventional … and time-series econometrics techniques. This paper finds no long-run relationship between savings and investment in seven … countries of the sample, which implies increased degree of capital mobility and weakening of savings and investment relationship …