The Rise and Fall of Financial Flows in EU 15: New Evidence Using Dynamic Panels with Common Correlated Effects. [PDF]
Comput Econ, 2023 Camarero M, Muñoz A, Tamarit C.
europepmc +1 more source
The Feldstein-Horioka Puzzle: a Panel SmoothTransition Regression Approach [PDF]
This paper proposes an original framework to determine the relative influence of fivefactors on the Feldstein and Horioka result of OECD countries with a strong saving-investment association.
Christophe Hurlin +2 more
core
Current Account Deficits in the Euro Area: The End of the Feldstein Horioka Puzzle? [PDF]
macroeconomics, Current Account Deficits,Euro, Feldstein Horioka ...
Francesco Giavazzi, Olivier Blanchard
core
Adam Smith's Answer to the Feldstein-Horioka Paradox: The Invisible Hand Revisited [PDF]
In this paper, we show that Adam Smith pointed out the existence of the Feldstein-Horioka Paradox or Puzzle and even gave an explanation for it morethan 200 years before the publication of Feldstein and Horioka (1980). Smith argues that it is the pursuit
Ayumu Yasutomi, Charles Yuji Horioka
core
Panel data model comparison for empirical saving-investment relations [PDF]
The low capital mobility among OECD countries, signalled by a high saving-investment (SI) relation and known as the Feldstein-Horioka puzzle, has triggered a lively discussion in the empirical literature.
Herwartz, Helmut, Xu, Fang
core
Measuring Capital Mobility in the Asia Pacific Rim [PDF]
This study revisits the Feldstein-Horioka puzzle by investigating the saving-investment nexus through the unit root test, cointegration procedure, unrestricted VAR causality, and dynamic OLS (DOLS). Ten Asia Pacific nations of different level of economic
Baharumshah, Ahmad Zubaidi +1 more
core +1 more source
The Feldstein-Horioka Puzzle Reconsidered for OECD Countries
Journal of Economic Research (JER), 2011 This paper investigates the savings-investment relationship, also known as the Feldstein-Horioka puzzle, for a panel of 30 OECD countries over 1960-2006. It utilizes the recently-developed panel cointegration techniques to test and estimate the long-run equilibrium relationship between savings and investment.
openaire +1 more source
Tests for cointegration in panels with regime shifts [PDF]
In the paper we extend Gregory and Hansen’s (1996)ADF, Za, Zt cointegration tests to panel data, using the method proposed in Maddala and Wu (1999). We test the null hypothesis of no cointegration for all the units in the panel against the alternative ...
Luciano Gutierrez
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The Feldstein-Horioka Hypothesis in Countries with Varied Levels of Economic Development [PDF]
, 2011 This article aims to analyse the Feldstein-Horioka hypothesis, which suggests a strong correlation between investments and savings in advanced economies.
Piotr Misztal
core +1 more source
Population Aging and International Capital Flows [PDF]
We use the neoclassical growth framework to model international capital flows in an economy with exogenous demographic change. We compare model implications and actual current account data and find that the model explains a small but significant fraction
Domeij, David, Flodén, Martin
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