Showing 31 - 40 of 117,335
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/10014162861
This study investigates whether the Feldstein and Horioka (1980) argument on the domestic saving-investment …. The evidence based on the UK annual data from 1948 to 1998 suggests that the long-run relationship between saving and … investment disappears after the estimated endogenous structural break point coinciding with the abolition of foreign exchange …
Persistent link: https://www.econbiz.de/10014134396
stock of tangible capital supported by actual past domestic saving, relative to the actual stock of capital. We use the …
Persistent link: https://www.econbiz.de/10014070908
This paper estimates the domestic saving-investment correlations for 189 countries in the period 1980-2020 to study if … regression results show that all the saving-investment correlation coefficients are statistically significant at a 1% level and …
Persistent link: https://www.econbiz.de/10014344110
towards foreign capital that the accession states have attained so far on the basis of the correlation between domestic saving … and investment. A comparison with the southern members of the EU shows that the countries under review have reached a …
Persistent link: https://www.econbiz.de/10011474898
In this paper, we find that home bias is still present in all economies and regions, especially in the case of short-term debt securities, but that there are substantial variations among economies and regions in the strength of home bias, with the Eurozone economies, the US, and developing Asia...
Persistent link: https://www.econbiz.de/10011379708
This paper shows that global capital markets cannot, by themselves, achieve net transfers of financial capital between countries and that both the integration of global financial markets as well as the integration of global goods markets are needed to achieve net transfers of capital between...
Persistent link: https://www.econbiz.de/10011437019
increases in investment that are followed by rapid declines. This investment response contrasts with the empirical evidence that … suggests a rather hump-shaped investment behavior. In this paper, I present a two-country general equilibrium model that … generates hump-shaped investment responses from labor market frictions. In the model, I decompose investment into tradable and …
Persistent link: https://www.econbiz.de/10011774727
equilibria, and different kinds of capital flows may push investment in one direction or the other for sustained periods of time. …
Persistent link: https://www.econbiz.de/10012117674
document the long-run bivariate relationship between the time series of investment and saving. Third, I also examine the short …-run as well as the cyclical relationships between the time series of investment and saving. The results reported in this … paper indicate that there is a strong long run and cyclical relationship between investment and saving, and this …
Persistent link: https://www.econbiz.de/10014087784