What does the Feldstein-Horioka coefficient with panel data really measure? A theoretical approach with the case of a monetary area
Mark Wynne ()
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Mark Wynne: Federal Reserve Bank of Dallas
Economics Bulletin, 2006, vol. 6, issue 8, 1-8
Abstract:
We base theoretically the fact that the "saving retention coefficient" with panel data measures the integration within a considered group of countries but also the integration between this group and the rest of the world, by using different levels of transaction costs according to whether the considered country belongs or not to a monetary union.
JEL-codes: E2 F4 (search for similar items in EconPapers)
Date: 2006-06-19
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