Saving-Investment Relationship and Capital Mobility: Evidence from Chinese Provincial Data, 1980—2007

Yoshihiro Hashiguchi and Shigeyuki Hamori

Economics Bulletin, 2009, vol. 29, issue 3, 1981-1989

Abstract: Panel data for individual Chinese provinces from 1980 to 2007 was used to estimate the saving-investment model used by Feldstein and Horioka (1980), shed light on changes to China's domestic capital mobility since the adoption of the Open Door Policy, and determine whether there has been any increase in mobility since 2000. High capital mobility was observed through the first half of the 1980s followed by low capital mobility during the 1990s. Capital mobility began to gradually increase again around 1996, reaching levels similar to those of other leading industrialized countries in the 2000s.

Keywords: Feldstein-Horioka paradox; Chinese provincial data; capital mobility (search for similar items in EconPapers)
JEL-codes: F4 O1 (search for similar items in EconPapers)
Date: 2009-08-17
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2009/Volume29/EB-09-V29-I3-P46.pdf (application/pdf)

Related works:
Working Paper: Saving-Investment Relationship and Capital Mobility:Evidence from Chinese Provincial Data, 1980—2007 (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-09-00443

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().