Results 91 to 100 of about 2,482 (132)

NBER International Seminar on Macroeconomics 2009 [PDF]

Domenico Giannone, Michele Lenza
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Why the Feldstein-Horioka “Puzzle” Remains Unsolved

SSRN Electronic Journal, 2022
AbstractWe argue that the 40‐year‐old Feldstein–Horioka “puzzle” should have never been labeled as such. We discuss two problems with the literature. First, we show that the series of investment and saving rates typically used in empirical exercises to test the Feldstein–Horioka thesis are not appropriate. The correct series to properly test it are not
Jesus Felipe, Scott Fullwiler, Al‐Habbyel Yusoph   +2 more
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The Feldstein-Horioka Puzzle Revisited [PDF]

SSRN Electronic Journal, 2000
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Adolfo Sachsida, Marcelo Abi-Ramia Caetano   +1 more
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The Feldstein-Horioka Puzzle: Modern Aspects [PDF]

SSRN Electronic Journal, 2013
The primary purpose of this paper is to test the hypothesis of capital mobility reduction in the wake of the global financial crisis of 2008-2009. Through the constructed models we tested hypotheses about the long- and short-term mobility of global capital by estimating the correlation between savings and investment rates. The paper also deals with the
Pavel Trunin, Andrey Zubarev
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Feldstein–Horioka puzzles

European Economic Review, 2014
Abstract The high correlation between national saving and investment rates in advanced economies—the Feldstein–Horioka puzzle—has been referred to as the “mother of all puzzles.” Perhaps more puzzling is that for emerging economies saving–investment correlations tend to be significantly lower, though still positive. This deepens the Feldstein–Horioka
Yanqin Chang, R. Todd Smith
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Is the Feldstein–Horioka Puzzle History?

The Manchester School, 2004
A country's intertemporal budget constraint implies current account stationarity or that its saving and investment rates should cointegrate. However, such behaviour may not pertain in finite sample spans where the current account could be subject to persistent shocks.
Jerry Coakley, Ana-Maria Fuertes, Fabio Spagnolo   +2 more
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Globalization and the Feldstein–Horioka puzzle

Applied Economics, 2011
Capital account liberalization and the integration of world financial markets should increase capital mobility across countries. This article uses the Feldstein–Horioka savings–investment methodology to examine the impact of economic globalization on the degree of capital mobility in 99 countries over the period 1970 to 2005.
Javed Younas, Debasish Chakraborty
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Current Account Solvency and the Feldstein--Horioka Puzzle

The Economic Journal, 1996
In this paper we suggest an alternative explanation of the high cross-section association between shares of saving and investment in GDP which Feldstein and Horioka (1980) interpret as evidence of low capital mobility. In OECD countries, saving and investment shares appear to be I(I).
Coakley, Jerry, Kulasi, Farida, Smith, Ron   +2 more
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The Feldstein–Horioka puzzle revisited

Journal of International Money and Finance, 2002
Abstract Krol (1996) argues that the Feldstein–Horioka puzzle is the result of the estimation technique that using fixed-effect panel regression, low saving-retention coefficients are found. However, Krol’s study has been criticized as revolving around the inclusion of Luxembourg.
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Another Piece in the Feldstein — Horioka Puzzle

Scottish Journal of Political Economy, 2003
AbstractUsing UK quarterly data, we re‐examine the nature and degree of the relationshipbetween savings and investment by means of a newly developed bounds testingprocedure to cointegration within an autoregressive distributed lag (ARDL)framework.
Abbott, Andrew James, De Vita, Glauco
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