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The Feldstein-Horioka puzzle and transition economies [PDF]
Economic Annals, 2013 The objective of this paper is to investigate the existence of the Feldstein and Horioka puzzle in transition countries, divided into three groups of countries: South-East Europe (SEE), Central and Eastern Europe (CEE), and the Commonwealth of Independent States (CIS). Central to this puzzle is the ?
Despina Petreska +1 more
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Revisiting the Feldstein-Horioka puzzle for Turkey [PDF]
Journal of Applied Economics, 2020 The domestic saving and investment correlation as posited by Feldstein and Horioka is revisited for Turkey and tested over the whole period (1950–2017) and the two subperiods (1950–1989 and 1990–2017). The time-series properties of the data and the presence of structural breaks are properly addressed by the bounds testing procedure.
Şule Akkoyunlu
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Current Account Dynamics and the Feldstein and Horioka Puzzle: the Case of Greece [PDF]
The European Journal of Comparative Economics, 2007 In this paper we investigate the degree of integration of the Greek economy into international capital markets using the analytical framework proposed by Felstein-Horioka.
Anastasios Mastroyiannis
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Feldstein-Horioka puzzle: A myth or reality: Case of Serbia [PDF]
Industrija, 2013 In this paper we have presented the results of a research of presence of Feldstein-Horioka puzzle in Serbia for the period between 1997 and 2010. By applying the technique of time series cointegration (Johansen and Engle-Granger test) we did not manage to estimate any cointegration relation betweet the gross domestic savings rate and gross ...
Predrag M Petrović
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A functional coefficient model view of the Feldstein-Horioka puzzle [PDF]
Journal of International Money and Finance, 2010 What does the saving-investment (SI) relation really measure and how should the (SI) relation be measured? These are two of the most discussed issues triggered by the so called Feldstein-Horioka puzzle.
Herwartz, Helmut, Xu, Fang
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A Note on Human Capital and the Feldstein-Horioka Puzzle [PDF]
SSRN Electronic Journal, 2007 In this paper we re‐examine the Feldstein–Horioka finding of limited international capital mobility by using a broader view (i.e. including human capital) of investment and saving. We find that the decline in the economic significance of the Feldstein–Horioka result, found in studies using more recent data, holds also for our broader definition of ...
Katsimi, Margarita, Moutos, Thomas
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Human capital and the Feldstein-Horioka puzzle [PDF]
SSRN Electronic Journal, 2007 In this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving.
Katsimi, Margarita, Moutos, Thomas
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Testing the validity of the Feldstein-Horioka puzzle for Australia [PDF]
Applied Economics, 2012 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 ...
Don J. Webber +2 more
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The Feldstein-Horioka puzzle and law [PDF]
Economics Bulletin, 2003 In this paper, we introduce a proxy for the legal protection of investors, a dummy variable that indicates legal origins, into the Feldstein and Horioka (1980, Economic Journal 90) saving-investment regression.
Hiroshi Gunji
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Revisit Feldstein-Horioka puzzle: evidence from Malaysia [PDF]
Economics Bulletin, 2011 The aim of this study is to re-visit the Feldstein and Horioka (1980) puzzle for Malaysia. The conventional bounds testing approach cannot show any evidence of cointegration between savings and investment.
Chor Foon Tang, Hooi Hooi Lean
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