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investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving …
Persistent link: https://www.econbiz.de/10011604919
In this paper, we show that Adam Smith pointed out the existence of the Feldstein-Horioka Paradox or Puzzle and even gave an explanation for it more than 200 years before the publication of Feldstein and Horioka (1980). Smith argues that it is the pursuit of their own security that leads owners...
Persistent link: https://www.econbiz.de/10010332269
Economists have been interested in the degree of international capital mobility for a variety of reasons. E.g., the extent to which public deficits crowd out domestic investments depends on the ease with which domestic firms may access the international capital market. The welfare reduction due...
Persistent link: https://www.econbiz.de/10010275133
Persistent link: https://www.econbiz.de/10014306510
between national savings and domestic investment emerges as a robust empirical regularity. If this regularity is to be … imperfections in causing saving-investment corrrelations has hardly been investigated so far. …
Persistent link: https://www.econbiz.de/10010275364
. The reason is different effects on saving and investment from cohort-size variation. In a panel of annual OECD data 1960 …-1995, we find that the age effects on saving are similar to results on world samples but the effects on investment are very … different. The respective age profiles of saving and investment are much more similar in the OECD sample. This may be one factor …
Persistent link: https://www.econbiz.de/10010321710
Persistent link: https://www.econbiz.de/10011696432
This study explores the relationship between savings and investment in Nigeria during the period 1980-2011. Unlike … that there is a long run relationship between savings and investment. This result is consistent with a number ofearlier … studies reviewed in the literature that found saving and investment to be cointegrated in thelong run. The results also …
Persistent link: https://www.econbiz.de/10011482586
and Investment rates. It is shown that the correlation of regional saving and Investment rates in Germany decreased … correlation between saving and investment. Whereas in the time period 1975-1982 the correlation for the economy as a whole was …
Persistent link: https://www.econbiz.de/10010275534
capital in the past. The conclusion is that within EMU domestic saving and investment will be less correlated than they were …
Persistent link: https://www.econbiz.de/10010297621