Pelgrin, Florian; Schich, Sebastian - 2004
The authors analyze the dynamics of national saving-investment relationships to determine the degree of international … and investment in the long run as reflecting a solvency constraint, rather than as evidence of limited capital mobility … (Feldstein and Horioka 1980). As in Jansen (1996, 1998), the authors also examine the short-term saving-investment relationship …