The Norwegian capital controls had a significant effect on stock returns only in the early eighties when controls were stringent although they did not influence short-term interest rates throughout the sample period (1980-90). Our result thus contributes to a growing body of evidence on the...

We demonstrate that the correlation of saving and investment is measured best by an error correction model (ECM), because theory implies a cointegrating relation between these variables. The ECM comprises all previous specifications as special cases, which are shown to be potentially...

The Norwegian capital controls had a significant effect on stock returns only in the early eighties when controls were stringent although they did not influence short-term interest rates throughout the sample period (1980-90). Our result thus contributes to a growing body of evidence on the...

The Norwegian capital controls had a significant effect on stock returns only in the early eighties when controls were stringent although they did not influence short-term interest rates throughout the sample period (1980-90). Our result thus contributes to a growing body of evidence on the...

We demonstrate that the correlation of saving and investment is measured best by an error correction model (ECM), because theory implies a cointegrating relation between these variables. The ECM comprises all previous specifications as special cases, which are shown to be potentially...