International Capital Mobility: Evidence from Panel Data

W. Jos Jansen ()

International Finance from EconWPA

Abstract: Krol (1996) reports estimates of the saving-investment correlation, based on panel regressions, that are much lower than commonly found in the literature. This note argues that this low estimate is not related to the panel estimation technique, as Krol claims, but largely to the inclusion of Luxembourg in the sample. Panel estimation only reduces the correlation’s estimate by about 0.12.

Keywords: capital mobility; panel estimation; saving investment correlation (search for similar items in EconPapers)
JEL-codes: F32 F41 (search for similar items in EconPapers)
Date: 2003-10-14
Note: Type of Document - pdf; prepared on Win98; to print on HP, A4 page format; pages: 8; figures: included. Final version, October 1999 (Journal of International Money and Finance)
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Related works:
Journal Article: International capital mobility: evidence from panel data (2000)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpif:0310003

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