Saving-investment associations and capital mobility on the evidence from Japanese regional data

Robert Dekle ()

No 496, International Finance Discussion Papers from Board of Governors of the Federal Reserve System (U.S.)

Abstract: We will examine the size of the Feldstein and Horioka (1980) \"saving-retention coefficient\" in a setting of near perfect capital mobility, Japanese regions. We first find that on total regional saving and investment rate data, inclusive of regional government saving and investment, the estimate of the coefficient is negative. This negative relationship in the total rates across Japanese regions appears to arise from the strong negative association in the government saving and investment rates.

Keywords: Capital movements; Japan; Saving and investment (search for similar items in EconPapers)
Date: 1995
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Journal Article: Saving-investment associations and capital mobility On the evidence from Japanese regional data (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgif:496

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