The Feldstein-Horioka puzzle revisited

被引:22
作者
Sachsida, A
Caetano, MAR
机构
[1] Inst Appl Econ Res, IPEA, BR-70076900 Brasilia, DF, Brazil
[2] Univ Brasilia, BR-70076900 Brasilia, DF, Brazil
关键词
Feldstein-Horioka puzzle; capital mobility;
D O I
10.1016/S0165-1765(00)00240-8
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper confirms the evidence that the Feldstein-Horioka test does not reflect capital mobility in the real side world economy, but only the variability between external and domestic saving. (C) 2000 Elsevier Science S.A. All rights reserved. JEL classification: F21.
引用
收藏
页码:85 / 88
页数:4
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