Investment and saving and the euro crisis: A new look at Feldstein–Horioka

Mark A. Johnson and Douglas Lamdin

Journal of Economics and Business, 2014, vol. 76, issue C, 114 pages

Abstract: We examine the relationship between investment and saving for a cross section of European countries before and during the euro crisis. As has historically been found, investment is positively and significantly related to saving. This relationship shows evidence of being stronger during the height of the euro crisis. This increase is a departure from a general decline in the relationship over time.

Keywords: Euro crisis; Feldstein–Horioka puzzle; Fixed effects (search for similar items in EconPapers)
JEL-codes: C23 F30 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jebusi:v:76:y:2014:i:c:p:101-114

DOI: 10.1016/j.jeconbus.2014.05.002

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