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.
متن کاملIs the Feldstein-Horioka Puzzle Really a Puzzle?*
The empirical evidence that national saving and domestic investment are correlated, also known as Feldstein-Horioka (1980) Puzzle, has received significant attention in the literature since Feldstein and Horioka interpret it as an evidence of low international capital mobility. This paper argues that there is nothing mysterious in the finding that investment and saving are correlated. Since the...
متن کاملThe Feldstein-Horioka Puzzle in an ARIMA Framework
This paper tests the Feldstein-Horioka (1980) hypothesis that the investment-to-output ratio moves one-for-one with the saving-to-output ratio, using annual time-series data on fteen European countries (Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, and the United Kingdom) and the econometric framework developed by...
متن کاملTesting the validity of the Feldstein- Horioka puzzle for Australia
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...
متن کاملTesting for Breaks in Cointegrated Panels − with an Application to the Feldstein-Horioka Puzzle
Stability tests for cointegrating coefficients are known to have very low power with small to medium sample sizes. In this paper we propose to solve this problem by extending the tests to dependent cointegrated panels through the stationary bootstrap. Simulation evidence shows that the proposed panel tests improve considerably on asymptotic tests applied to individual series. As an empirical il...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Doğuş Üniversitesi Dergisi
سال: 2014
ISSN: 1302-6739
DOI: 10.31671/dogus.2018.76