The Feldstein-Horioka fact

Domenico Giannone and Michele Lenza

No 15519, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper shows that general equilibrium effects can partly rationalize the high correlation between saving and investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving-retention coefficient remains high in the 70's but decreases considerably since the 80's, consistently with the increased capital mobility in OECD countries.

JEL-codes: C23 F32 F41 (search for similar items in EconPapers)
Date: 2009-11
New Economics Papers: this item is included in nep-bec, nep-cba and nep-opm
Note: EFG
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Citations: View citations in EconPapers (16)

Published as The Feldstein-Horioka Fact , Domenico Giannone, Michele Lenza. in NBER International Seminar on Macroeconomics 2009 , Reichlin and West. 2010

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Related works:
Chapter: The Feldstein-Horioka Fact (2010)
Journal Article: The Feldstein-Horioka Fact (2010)
Working Paper: The Feldstein-Horioka Fact (2009)
Working Paper: The Feldstein-Horioka fact (2008)
Working Paper: The Feldstein-Horioka Fact (2004)
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