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
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Citations: View citations in EconPapers (2)
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Working Paper: Saving-Investment Relationship and Capital Mobility:Evidence from Chinese Provincial Data, 1980—2007 (2009) 
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-09-00443
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