International Capital Mobility in OECD Countries: The Feldstein-Horioka 'Puzzle' Revisited
Khaled A. Hussein ()
Studies in Economics from School of Economics, University of Kent
We utilise the most recent time series techniques of dynamic OLS and examine international capital mobility across 23 OECD countries. We adopt the saving-investment approach where the endogeneity problem is confronted. Our findings show that capital is remarkably mobile in most countries over the last three decades.
Keywords: Feldstein-Horioka puzzle; saving-investment; cointegration (search for similar items in EconPapers)
JEL-codes: F32 (search for similar items in EconPapers)
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Published in Economics Letters, 1998, 59, pp.237-242
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Persistent link: https://EconPapers.repec.org/RePEc:ukc:ukcedp:9714
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