International Capital Mobility in OECD Countries: The Feldstein-Horioka 'Puzzle' Revisited

Khaled A. Hussein ()

Studies in Economics from School of Economics, University of Kent

Abstract: We utilise the most recent time series techniques of dynamic OLS and examine international capital mobility across 23 OECD countries. We adopt the saving-investment approach where the endogeneity problem is confronted. Our findings show that capital is remarkably mobile in most countries over the last three decades.

Keywords: Feldstein-Horioka puzzle; saving-investment; cointegration (search for similar items in EconPapers)
JEL-codes: F32 (search for similar items in EconPapers)
Date: 1997-12
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Citations: View citations in EconPapers (2)

Published in Economics Letters, 1998, 59, pp.237-242

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