Based on the relation between investment and domestic saving proposed by Feldstein and Horioka (1980) to verify capital mobility, this study performs some exogeneity tests in order to determine the capacity of the FH equation of supporting and implementing economic policies in Brazil. We then...

This paper analyzes the effects of drug use on capital accumulation in a modified version of the Ramsey's model. We show that the equilibrium per capita stock of capital is smaller than in the original model, which implies that drug use has a negative impact on capital accumulation

This paper shows that the Feldsteins & Horioka (1980) test does not measure capital mobility, but just the variability between domestic and external savings. Furthermore, it concludes that the Coakley, Kulasi & Smith (1996) test for current account solvency, is a necessary, but not sufficient,...

This paper does some exogeneity tests in the equation proposed by Feldstein-Horioka (1980). The main finding is that domestic saving is super exogenous in the Feldstein-Horioka equation. That is, the Lucas critic does not applies

This paper shows that the Feldsteins & Horioka (1980) test does not measure capital mobility, but just the variability between domestic and external savings. Furthermore, it concludes that the Coakley, Kulasi & Smith (1996) test for current account solvency, is a necessary, but not sufficient,...