EconPapers    
Economics at your fingertips  
 

Capital Mobility: An Application of Savings-Investment Link for Tunisia

Sakiru Solarin and Jauhari Dahalan
Additional contact information
Jauhari Dahalan: College of Business, Universiti Utara Malaysia, Malaysia

International Journal of Economics and Financial Issues, 2012, vol. 2, issue 1, 1-11

Abstract: The paper examines the degree of capital mobility in Tunisia for 1970 to 2009 period, using Feldstein and Horioka (1980) method of savings and investment comovement. We apply ARDL bound test to assess comovement between savings and investment; and to compute the savings retention ratio with FMOLS and DOLS as complements. The results reveal low capital mobility, in contrary to Maminingi (1997) who note perfect capital immobility in Tunisia. Hence, efforts should be made by the concerned authorities to evolve policies that will mobilize international capital into the country.

Keywords: Tunisia; Savings–Investment; ARDL; Causality (search for similar items in EconPapers)
JEL-codes: C22 E21 F21 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://www.econjournals.com/index.php/ijefi/article/download/64/pdf (application/pdf)
http://www.econjournals.com/index.php/ijefi/article/view/64/pdf (text/html)

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:eco:journ1:2012-01-1

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().

 
Page updated 2019-04-01
Handle: RePEc:eco:journ1:2012-01-1