International Capital Mobility and the Long-Run Investrnent and Saving in Canada

Panos Afxentiou () and Apostolos Serletis
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Panos Afxentiou: University of Calgary, Department of Economics, Postal: 2500 University Drive NW Calgary Alberta, Canada T2N 1N4, http://econ.ucalgary.ca/

Economia Internazionale / International Economics, 1993, vol. 46, issue 2-3, 147-167

Abstract: The Canadian long-run investment-saving relation is examined in this paper using the Feldstein-Horioka framework. Our results, which extended beyond the aggregate national behavior to that of the private and public sectors, suggest that by and largo the correlation between domestic investment and saving was not as high as found in other cross-section studies of industrial countries, and thus they indicate that the international capital mobility was quite operative throughout the evolution of the Canadian economy.

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0436

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