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creation. Panel data regression results for the original Feldstein-Horioka sample - 20 OECD countries over the years 1960 … - 1974 - empirically support the theory. In contrast to the Feldstein-Horioka findings, a lower saving-investment coefficient …
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. We find evidence of strong cross-sectional dependence in the panel, and clear support to a valid cointegration …
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