- 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 …

revenue (taxation) of national savings. The bounds testing approach to integrated cointegration is used, which is applicable …The objective of this paper is to discuss the short- and long-run relationships between national savings and its … rate, Inflation rate and fiscal determinants are budget deficit, government expenditures, government savings and government …

investments and property prices may affect building activity. Here, the method of cointegration is used to estimate the wealth … effect and the investment effect in aggregate time series for Germany after the Reunification in 1990. Moreover, we discuss …