We use the Coakley, Kulasi and Smith (1996) current account solvency model to investigate saving and investment in LDCs …. This model implies that saving and investment cointegrate with a unit coefficient irrespective of the degree of capital …

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

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

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

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

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