A Note on Human Capital and the Feldstein-Horioka Puzzle

Margarita Katsimi and Thomas Moutos

No 2007-30, Economics Discussion Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: In this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change.

Keywords: human capital; current account; investment-saving correlation; capital mobility (search for similar items in EconPapers)
JEL-codes: E2 F2 I2 Q4 (search for similar items in EconPapers)
Date: 2007
New Economics Papers: this item is included in nep-bec, nep-hrm and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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https://www.econstor.eu/bitstream/10419/17953/1/dp2007-30.pdf (application/pdf)

Related works:
Journal Article: A NOTE ON HUMAN CAPITAL AND THE FELDSTEIN–HORIOKA PUZZLE* (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwedp:5735

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