between domestic and external savings. Furthermore, it concludes that the Coakley, Kulasi & Smith (1996) test for current …

between domestic and external savings. Furthermore, it concludes that the Coakley, Kulasi & Smith (1996) test for current …

correlations between savings and investment observed within countries. A large literature has emerged to investigate this issue … answers remain by and large elusive. Since we argue that the savings and investment series in our panel are integrated of … savings and investment. Our particular contributions are (a) to consider the puzzle comprehensively, using both time series …

A country's intertemporal budget constraint implies current account stationarity or that its saving and investment …

The authors analyze the dynamics of national saving-investment relationships to determine the degree of international … and investment in the long run as reflecting a solvency constraint, rather than as evidence of limited capital mobility … (Feldstein and Horioka 1980). As in Jansen (1996, 1998), the authors also examine the short-term saving-investment relationship …

This paper argues that the 40-year-old Feldstein-Horioka “puzzle” (i.e., in a regression of the domestic investment … capital mobility) should have never been labeled as such. First, we show that the series of investments and savings typically … to their regression, one gets the accounting identity that relates the capital account, domestic investment, and domestic …

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 …