Serletis, Apostolos; Gogas, Periklis - In: Journal of Economic Studies 34 (2007) 3, pp. 194-210
Purpose – To test the Feldstein‐Horioka hypothesis that the investment‐to‐output ratio moves one‐for‐one with the saving‐to‐output ratio, suggesting international capital mobility. Design/methodology/approach – The paper uses the econometric framework developed by Fisher and...