Capital account liberalization and the integration of world financial markets should increase capital mobility across countries. This article uses the Feldstein-Horioka savings-investment methodology to examine the impact of economic globalization on the degree of capital mobility in 99...

As investment by nonresidents is not subject to inter-temporal budget constraint of the recipient country, it may not belong to Feldstein-Horioka equation. This article finds that capital mobility is remarkably high in both developed and developing countries when Foreign Direct Investment (FDI)...

Payne and Kumazawa (2005) examine the effect of domestic savings, foreign aid, the evolution of capital mobility over time, and openness on investment rates using a panel of sub-Saharan African countries. They find that capital mobility has increased over time and that foreign aid and openness...