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The finding of Feldstein and Horioka (1980) that domestic saving and domestic investment are highly correlated across … and that the Feldstein-Horioka Finding of domestic saving and domestic investment being highly correlated across countries …
Persistent link: https://www.econbiz.de/10014530303
A productivity shock leads to a large international transfer of capital and negative co-movement of investment in the … unrealistically low investment volatility. We show that adding organizational capital to the technological environment of a relatively … investment. …
Persistent link: https://www.econbiz.de/10008560218
effect of OC on international investment flows in the context of a two-country real business cycle model. The presence of OC … introduces novel considerations into agents’ investment decisions since current investment and future productivity levels are … country, investment increases in both countries, producing positive international co-movement in investment, a feature of the …
Persistent link: https://www.econbiz.de/10010577873
effect of OC on international investment flows in the context of a two-country real business cycle model. The presence of OC … introduces novel considerations into agents' investment decisions since current investment and future productivity levels are … country, investment increases in both countries, producing positive international co-movement in investment, a feature of the …
Persistent link: https://www.econbiz.de/10009001022
a strong domestic financial sector could provide their country with greater investment capacities and help create new …
Persistent link: https://www.econbiz.de/10013030160
international norm, we argue that liberalization and NAFTA have indeed induced higher growth and investment. However, they have not …
Persistent link: https://www.econbiz.de/10004995009
In den vergangenen Jahrzehnten ist in vielen entwickelten Volkswirtschaften der Anteil des nationalen Einkommens, der auf den Faktor Arbeit entfällt, zurückgegangen. Gleichzeitig wird heutzutage ein grösserer Anteil der Kapitaleinkommen von den Unternehmen als einbehaltene Gewinne in den...
Persistent link: https://www.econbiz.de/10011984929
This paper makes three contributions: First, I construct annual time series of gross domestic investment and national …-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 …
Persistent link: https://www.econbiz.de/10012140554
We demonstrate that the correlation of saving and investment is measured best by an error correction model (ECM …
Persistent link: https://www.econbiz.de/10010397946
We use the neoclassical growth framework to model international capital flows in an economy with exogenous demographic change. We compare model implications and actual current account data and find that the model explains a small but significant fraction of capital flows between OECD countries,...
Persistent link: https://www.econbiz.de/10010281362