Results 31 to 40 of about 2,482 (132)
Review of Income and Wealth, Volume 70, Issue 1, Page 187-212, March 2024.Abstract We use microdata on a large number of European countries from the Survey of Health, Ageing and Retirement in Europe (SHARE) to examine the wealth accumulation (saving) behavior of the retired elderly in Europe. We find that less than half of the retired elderly in Europe are decumulating their wealth and that the average wealth accumulation ...
Charles Yuji Horioka, Luigi Ventura
wiley +1 more source
International Journal of Finance &Economics, Volume 29, Issue 1, Page 1079-1096, January 2024.Abstract In this paper we take a novel approach to examining the trade imbalances between the Southern Eurozone countries and the Northern Eurozone countries by aggregating them into a Southern Group and Northern Group. We then explore three possible causes of the trade imbalances, which are the fiscal channel, the investment channel and the ...
Ioannis Litsios, Keith Pilbeam
wiley +1 more source
Developing Countries and the Feldstein-Horioka Puzzle
IMF Working Papers, 1998 The previous literature points to a high correlation between domestic rates of investment and savings among OECD countries. Some take this as evidence of limited financial integration in the industrialized world. This paper presents new empirical results, based on an extended sample of countries.
Romain Wacziarg, Athanasios Vamvakidis
openaire +3 more sources
The global financial crisis and the European single market: The end of integration? [PDF]
, 2014 Using various versions of the Feldstein-Horioka (FH) coefficient, we measure the time-varying degree of capital mobility and economic integration in the European Union.
Battilossi +11 more
core +1 more source
Solving the Feldstein-Horioka Puzzle With Financial Frictions [PDF]
Econometrica, 2010 Unlike the prediction of a frictionless open economy model, long-term average savings and investment rates are highly correlated across countries—a puzzle first identified by Feldstein and Horioka (1980). We quantitatively investigate the impact of two types of financial frictions on this correlation.
Bai, Yan, Zhang, Jing
openaire +2 more sources
Is the Feldstein-Horioka Puzzle Really a Puzzle? [PDF]
, 2004 Using the framework of a dynamic intertemporal optimization model of an open economy, it is shown that the long-run investment-saving correlation follows directly from the economy’s dynamic budget constraint and this does not depend on the degree of international capital mobility.
openaire +5 more sources
Greece’s Accession to the EU: Savings-Investment dynamics [PDF]
, 2008 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.
Mastroyiannis, Anastasios
core
Revisiting the Feldstein-Horioka puzzle: an institutional sector view [PDF]
Económica, 2006 A partir de una muestra de países de la OECD que abarca el período 1970-2003, este trabajo contribuye a la literatura sobre Feldstein-Horioka haciendo tres innovaciones principales: (1) Estima, por primera vez, regresiones a nivel de sectores institucionales (hogares, empresas y gobierno); (2) Explora la asimetría entre los déficits y superávits de ...
Bebczuk, Ricardo Néstor +1 more
openaire +3 more sources
Comparative Economic ResearchThe study examines the degree of current account deficit (CAD) sustainability and capital mobility for a panel of 97 countries over the period 1980–2020.
Valeryia Yersh
doaj +1 more source
TRADE COSTS, TRADE BALANCES AND CURRENT ACCOUNTS: AN APPLICATION OF GRAVITY TO MULTILATERAL TRADE [PDF]
In this paper we test the well-known hypothesis of Obstfeld and Rogoff (2000) that trade costs are the key to explaining the so-called Feldstein-Horioka puzzle. Our approach has a number of novel features. First, we focus on the interrelationship between
Giorgio Fazio +2 more
core +3 more sources