Feldstein-Horioka Bulmacasının OECD Ülkeleri İçin Panel Veri Analiziyle Sınanması
نویسندگان
چکیده
منابع مشابه
The Feldstein – Horioka puzzle revisited *
This paper confirms the evidence that the Feldstein–Horioka test does not reflect capital mobility in the real side world economy, but only the variability between external and domestic saving. 2000 Elsevier Science S.A. All rights reserved.
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Article history: Received 7 October 2013 Received in revised form 7 March 2014 Accepted 10 March 2014 Available online 17 March 2014 We re-examine two complementary views of international capital mobility using data for 25 OECD countries over the period 1970–2011. Estimation of the original Feldstein–Horioka and Sachs' equations provides mixed evidence of capital mobility, though we do not dete...
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This paper presents an investigation into the relationship between investment and savings in Australia over the period 1960-2007. Using four time series techniques our results reveal that the Feldstein-Horioka puzzle exists in a weak form with a lower saving retention coefficient. Granger Causality tests illustrate that savings Granger cause investment both in the short and long runs. Our resul...
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In this paper we resolve the long standing Feldstein-Horioka (FH, 1980) puzzle dynamically and explain it statistically. We first study the dynamic properties of capital mobility, and re-estimate the evolution of the FH coefficient using a time-varying-parameter model for each of 67 countries from 1970 to 2009. We find that the trend of the FH coefficient is highly consistent with increased glo...
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ژورنال
عنوان ژورنال: Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
سال: 2018
ISSN: 1302-0064
DOI: 10.18657/yonveek.340138