The saving-retention coefficient and country-size: The Feldstein-Horioka puzzle reconsidered

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

38 引文 斯高帕斯(Scopus)

摘要

Baxter and Crucini [Am. Economic Rev. 83 (1993) 416] propose a country-size argument to explain the Feldstein-Horioka puzzle. This paper augments the empirical literature by examining the threshold effect of country-size, measured by relative GNP share, on the magnitude of saving-retention coefficient. Evidence from a panel of 23 OECD countries indicates that the saving-retention coefficient increase as the relative GNP share becomes larger, which substantially supports the country-size argument.

原文英語
頁(從 - 到)387-396
頁數10
期刊Journal of Macroeconomics
25
發行號3
DOIs
出版狀態已發佈 - 2003 9月
對外發佈

ASJC Scopus subject areas

  • 經濟學與計量經濟學

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