investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving …

increases in domestic savings rates induce approximately equal increases in domestic rates of investment. New estimates for the … flows than to their short-run behavior. Coefficient estimates based on annual variations in savings and investment are … post-OPEC period 1974-79 imply that each extra dollar of domestic saving increases domestic investment by approximately 85 …

investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving …

increases in domestic savings rates induce approximately equal increases in domestic rates of investment. New estimates for the … flows than to their short-run behavior. Coefficient estimates based on annual variations in savings and investment are … post-OPEC period 1974-79 imply that each extra dollar of domestic saving increases domestic investment by approximately 85 …

investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving …

In 1980 Feldstein and Horioka (F-H) found high saving-investment cross-section correlation among OECD countries and … stimulated a vigorous debate. Since the saving-investment association has been largely confirmed in many subsequent studies … adjustment mechanism exists; this generates small net external imbalances relative to total saving and investment. The F …

Feldstein and Horioka (1980) argued that the correlation of saving and investment in a cross-section of countries may … investment should be cointegrated over time. Simulations show that the cross-section regressions used in the literature will …