International Capital Mobility amongst the Major Industrialised Countries: Too Little or Too Much?

Atish Ghosh ()

Economic Journal, 1995, vol. 105, issue 428, 107-28

Abstract: This paper examines capital flows among the major industrialized countries with a view to assessing M. Feldstein and C. Horioka's (1980) claim that international capital mobility is limited. It argues that saving-investment correlation tests are inherently flawed, and proposes an alternative methodology for testing the degree of international capital mobility. It finds that capital flows have been excessive in the sense that they are driven by speculative forces rather than by economic fundamentals. Copyright 1995 by Royal Economic Society.

Date: 1995
References: Add references at CitEc
Citations: View citations in EconPapers (191)

Downloads: (external link)
http://links.jstor.org/sici?sici=0013-0133%2819950 ... 0.CO%3B2-S&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
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:ecj:econjl:v:105:y:1995:i:428:p:107-28

Ordering information: This journal article can be ordered from
http://www.blackwell ... al.asp?ref=0013-0133

Access Statistics for this article

Economic Journal is currently edited by Martin Cripps, Steve Machin, Woulter den Haan, Andrea Galeotti, Rachel Griffith and Frederic Vermeulen

More articles in Economic Journal from Royal Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and Christopher F. Baum ().