On the savings wedge in international capital flows

Jacek Rothert

Economics Letters, 2016, vol. 145, issue C, 126-129

Abstract: I explore the determinants of the savings wedge in international capital flows computed in a sample of 68 developing countries in Gourinchas and Jeanne (2013). I show that size (rather than allocation) of net capital flows in the data is the major cause of the negative correlation between the calibrated savings wedge and productivity growth.

Keywords: Allocation puzzle; Savings wedge; Capital flows (search for similar items in EconPapers)
JEL-codes: E21 F21 F41 F43 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:145:y:2016:i:c:p:126-129

DOI: 10.1016/j.econlet.2016.05.030

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