Human Capital and the Feldstein-Horioka Puzzle

Margarita Katsimi and Thomas Moutos

No 1914, CESifo Working Paper Series from CESifo

Abstract: In this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change.

Keywords: human capital; current account; investment-saving correlation; capital mobility (search for similar items in EconPapers)
JEL-codes: E20 F20 I20 Q40 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_1914

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