International Capital Mobility: Evidence from Panel Data

W. Jos Jansen

International Finance from University Library of Munich, Germany

Abstract: Krol (1996) reports estimates of the saving-investment correlation, based on panel regressions, that are much lower than commonly found in the literature. This note argues that this low estimate is not related to the panel estimation technique, as Krol claims, but largely to the inclusion of Luxembourg in the sample. Panel estimation only reduces the correlation’s estimate by about 0.12.

Keywords: capital mobility; panel estimation; saving investment correlation (search for similar items in EconPapers)
JEL-codes: F32 F41 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2003-10-14
Note: Type of Document - pdf; prepared on Win98; to print on HP, A4 page format; pages: 8; figures: included. Final version, October 1999 (Journal of International Money and Finance)
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/if/papers/0310/0310003.pdf (application/pdf)

Related works:
Journal Article: International capital mobility: evidence from panel data (2000)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpif:0310003

Access Statistics for this paper

More papers in International Finance from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).