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Giannone, Domenico; Lenza, Michele - 2021

investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving …This paper shows that general equilibrium effects can partly rationalize the high correlation between saving and …

Persistent link: https://www.econbiz.de/10013316585

Trade Costs, Trade Balances and Current Accounts : An Application of Gravity to Multilateral Trade

Fazio, Giorgio; MacDonald, Ronald; Melitz, Jacques - 2021

In this paper we test the well-known hypothesis of Obstfeld and Rogoff (2000) that trade costs are the key to explaining the so-called Feldstein-Horioka puzzle. Using a gravity framework in an intertemporal context, we provide strong support for the hypothesis and we reconcile our results with...

Persistent link: https://www.econbiz.de/10013318280

Revisiting the Feldstein-Horioka Puzzle : An Institutional Sector View

Bebczuk, Ricardo - 2017

coefficients are much lower, a puzzling result possibly explained by endogenous intersectoral saving and investment links; (iii …

Persistent link: https://www.econbiz.de/10012947996

A New Look at the Feldstein-Horioka Puzzle Using an Integrated Panel

Zanghieri, Paolo; Banerjee, Anindya - 2006

correlations between savings and investment observed within countries. A large literature has emerged to investigate this issue … answers remain by and large elusive. Since we argue that the savings and investment series in our panel are integrated of … savings and investment. Our particular contributions are (a) to consider the puzzle comprehensively, using both time series …

Persistent link: https://www.econbiz.de/10014068629

Capital's long march west : saving and investment frictions in Chinese regions

Cudré, Samuel - 2014

in Gourinchas and Jeanne (2013) to compute regional investment and saving wedges. By relating those frictions with TFP … catch-up parameters, we find an investment and a saving puzzle: regions that caught up relative to the rest of China seem to … have lower investment rate (higher investment tax) and higher saving (lower saving tax) relative to the prediction of the …

Persistent link: https://www.econbiz.de/10010402791

Foreign direct investment and liberalization policies in Pakistan : an empirical analysis

Khan, Rana Ejaz Ali; Hye, Qazi Muhammad Adnan - In: Cogent economics & finance 2 (2014) 1, pp. 1-12

To enhance the inflow of foreign direct investment (FDI) and ultimately to increase the economic growth, the countries …

Persistent link: https://www.econbiz.de/10010490551

Investment and Saving and the Euro Crisis : A New Look at Feldstein-Horioka

Johnson, Mark A. - 2013

We examine the relationship between investment and saving for a cross section of European countries before and during … the euro crisis. Investment is positively and significantly related to saving, and this relationship is stronger during …

Persistent link: https://www.econbiz.de/10013079084

Global and regional capital mobilities in Sub-Saharan African economies : complement or substitute?

Ayinde, Taofeek Olusola; Yinusa, Olumuyiwa Ganiyu; … - In: Spoudai : journal of economics and business 68 (2018) 4, pp. 51-71

within the Sub-Saharan African (SSA) economies. With a re-specified inter-temporal consumption framework, the savings-investment … to the level of domestic investment in the sub-region. …

Persistent link: https://www.econbiz.de/10012019985

Domestic saving and investment revised : can the Feldstein-Horioka equation be used for policy analysis?

Sachsida, Adolfo; Mendonça, Mário Jorge Cardoso de - 2015

Based on the relation between investment and domestic saving proposed by Feldstein and Horioka (1980) to verify capital … autoregressive (SVAR) involving investment and saving in order to evaluate the effect of exogenous shocks through impulse response … showed that investment is sensitive to contemporaneous innovation on saving and this effect lasts for a long time. Regarding …

Persistent link: https://www.econbiz.de/10012038727

The Feldstein-Horioka Puzzle Revisited

Sachsida, Adolfo; Caetano, Marcelo Abi-Ramia - 2001

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,...

Persistent link: https://www.econbiz.de/10014162217