Saving-Investment Relationship and Capital Mobility:Evidence from Chinese Provincial Data, 1980—2007

Yoshihiro Hashiguchi and Shigeyuki Hamori

MPRA Paper from University Library of Munich, Germany

Abstract: Panel data for individual Chinese provinces from 1980 to 2007 was used to estimate the saving-investment model used by Feldstein and Horioka (1980), shed light on changes to China's domestic capital mobility since the adoption of the Open Door Policy, and determine whether there has been any increase in mobility since 2000. High capital mobility was observed through the first half of the 1980s followed by low capital mobility during the 1990s. Capital mobility began to gradually increase again around 1996, reaching levels similar to those of other leading industrialized countries in the 2000s.

Keywords: Saving-Investment Relationship; Capital Mobility; Chinese Provincial Data; Feldstein-Horioka puzzle (search for similar items in EconPapers)
JEL-codes: F41 O11 (search for similar items in EconPapers)
Date: 2009-09
New Economics Papers: this item is included in nep-cna and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Economics Bulletin 3.29(2009): pp. 1986-1994

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Journal Article: Saving-Investment Relationship and Capital Mobility: Evidence from Chinese Provincial Data, 1980—2007 (2009)
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