Developing Countries and the Feldstein-Horioka Puzzle
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The work Developing Countries and the Feldstein-Horioka Puzzle represents a distinct intellectual or artistic creation found in University of San Diego Libraries. This resource is a combination of several types including: Work, Language Material, Books.
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Developing Countries and the Feldstein-Horioka Puzzle
Resource Information
The work Developing Countries and the Feldstein-Horioka Puzzle represents a distinct intellectual or artistic creation found in University of San Diego Libraries. This resource is a combination of several types including: Work, Language Material, Books.
- Label
- Developing Countries and the Feldstein-Horioka Puzzle
- Statement of responsibility
- Wacziarg, Romain
- Language
- eng
- Summary
- The previous literature points to a high correlation between domestic rates of investment and savings among OECD countries. Some take this as evidence of limited financial integration in the industrialized world. This paper presents new empirical results, based on an extended sample of countries. The correlation coefficient in a regression of the rate of domestic investment on the rate of domestic savings is statistically insignificant most of the time and generally smaller than 0.3 for any sample other than the OECD. This finding is robust with respect to alternative time periods, subsample and estimation methods. In particular, we control for measurement error, business cycle effects, and country-specific fixed effects
- Cataloging source
- CEF
- Government publication
- international or intergovernmental publication
- Index
- no index present
- Literary form
- non fiction
- Nature of contents
- dictionaries
- Series statement
- IMF Working Paper,
- Series volume
- WP/98/2
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Context of Developing Countries and the Feldstein-Horioka PuzzleWork of
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