A panel cointegration approach to the investment-saving correlation

Tsung wu Ho*

*此作品的通信作者

研究成果: 雜誌貢獻期刊論文同行評審

39 引文 斯高帕斯(Scopus)

摘要

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.

原文英語
頁(從 - 到)91-100
頁數10
期刊Empirical Economics
27
發行號1
DOIs
出版狀態已發佈 - 2002 2月
對外發佈

ASJC Scopus subject areas

  • 統計與概率
  • 數學(雜項)
  • 社會科學(雜項)
  • 經濟學與計量經濟學

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