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by integrating the balance of payments and national income accounting equations to show that domestic investment is … - 1974 - empirically support the theory. In contrast to the Feldstein-Horioka findings, a lower saving-investment coefficient …
Persistent link: https://www.econbiz.de/10014518598
In 1980 Feldstein and Horioka (F-H) found high saving-investment cross-section correlation among OECD countries and … stimulated a vigorous debate. Since the saving-investment association has been largely confirmed in many subsequent studies … adjustment mechanism exists; this generates small net external imbalances relative to total saving and investment. The F …
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capital in the past. The conclusion is that within EMU domestic saving and investment will be less correlated than they were …
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digitalization is inevitable to avoid trade diversion in an increasingly competitive globalized world. There are opportunities for …
Persistent link: https://www.econbiz.de/10014423410
We present a novel two-stage gravity specification with period-varying bilateral trade cost terms. We test our specification to confirm the benchmark result on declining international distance elasticities over time, using two new data sets. Analyzing period-varying bilateral trade cost derived...
Persistent link: https://www.econbiz.de/10014289335
A significant part of world trade volume is transported by container ship today. Growing world trade will enforce … has been quite persistent in world trade. For container transport, the impact might be smaller, since it takes place …
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