Chu, Kam Hon - In: Credit and capital markets : Kredit und Kapital 55 (2022) 4, pp. 489-522
- 1974 - empirically support the theory. In contrast to the Feldstein-Horioka findings, a lower saving-investment coefficient … by integrating the balance of payments and national income accounting equations to show that domestic investment is … related to not only domestic saving and international capital flows but also changes in the domestic money supply and credit …
