, which is that even though global financial markets appear to be integrated, levels of saving and investment are correlated …

The finding of Feldstein and Horioka (1980) that domestic saving and domestic investment are highly correlated across … and that the Feldstein-Horioka Finding of domestic saving and domestic investment being highly correlated across countries …

" associated with increasing the financing share of foreign savings. In fact, the evidence suggests the opposite: throughout the …

gains. It is shown that one of the reason may be the global savings glut …

domestic investment. In this partial adjustment setup, capital flows can have contemporaneous and long-term effects on … investment. For countries with less developed financial markets and weaker institutions, our estimates for the FDI coefficient … are larger than one, suggesting FDI stimulates investment in other sectors of the economy (spillover effects). Over the …

associated with an increase in the allocation of portfolio equity and banking investment to that country. However, it does not … show significant effects on the allocation of foreign direct investment and portfolio debt. Our findings are not driven by …