global capital by estimating the correlation between savings and investment rates. The paper also deals with the question of …

The Feldstein-Horioka puzzle has triggered a broad range of econometric specifications to investigate saving-investment … explaining actual ratios of domestic investment to GDP via cross-validation techniques. Comparing between, pooled, time and … correction models formalizing adjustment dynamics of domestic investment ratios are markedly outperformed by static panel models …

What does the saving-investment (SI) relation really measure and how should the SI relation be measured? These are two …

view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to …

The purpose of this paper is to test the dependency of domestic investment on domestic saving in the Feldstein …-Horioka spirit. Our innovation is to use a de nition of investment that does not include foreign direct investment. We do so since … related to domestic saving in a meaningful way. Once we adopt, as the dependent variable, pure domestic investment the result …

, which is that even though global financial markets appear to be integrated, levels of saving and investment are correlated …

investment rate on the domestic saving rate, the estimated coefficient is significantly larger than what would be expected in a … world characterized by high capital mobility) should have never been labeled as such. First, we show that the investment and … investment, and domestic saving. This implies that the estimate of the coefficient of the saving rate in the Feldstein …