A panel cointegration approach to the investment-saving correlation

Tsung wu Ho

doi:10.1007/s181-002-8360-x

A panel cointegration approach to the investment-saving correlation

Tsung wu Ho^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

44 Citations (Scopus)

Abstract

This paper augments the empirical literature concerning the Feldstein-Horioka puzzle using non-stationary panel data. Recently developed tests for panel cointegration and panel unit root tests are employed. We find substantial evidence to support the hypothesis of no cointegration in this panel, implying a high degree of international capital mobility. Our results suggest that tests for cointegration in panel data provides a better methodological focus than the magnitude of saving-retention coefficients.

Original language	English
Pages (from-to)	91-100
Number of pages	10
Journal	Empirical Economics
Volume	27
Issue number	1
DOIs	https://doi.org/10.1007/s181-002-8360-x
Publication status	Published - 2002 Feb
Externally published	Yes

Keywords

International capital mobility
Panel cointegration
Saving-retention coefficient

ASJC Scopus subject areas

Statistics and Probability
Mathematics (miscellaneous)
Social Sciences (miscellaneous)
Economics and Econometrics

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10.1007/s181-002-8360-x

Cite this

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A panel cointegration approach to the investment-saving correlation

Abstract

Keywords

ASJC Scopus subject areas

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