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La movilidad del ahorro y la inversión en México

Manuel Gollás
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Manuel Gollás: El Colegio de México

Estudios Económicos, 1999, vol. 14, issue 2, 189-215

Abstract: A number of empirical studies have concluded that capital is internationally immobile. This result contradicts the empirical observation that a large volume of capital is traded every day in international capital markets. Is capital internationally mobile or not? This is the well known Feldstein-Horioka paradox. By estimating savings retention coefficients, we find that in Mexico, capital was immobile during the 1960’s and 1970’s but mobile during the 1980’s and 1990’s.

Date: 1999
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