Saving-investment correlations in developing countries

被引:42
作者
Kasuga, H [1 ]
机构
[1] Tohoku Univ, Grad Sch Int Cultural Studies, Aoba Ku, Sendai, Miyagi 9808576, Japan
基金
日本学术振兴会;
关键词
Feldstein-Horioka puzzle; financial development; financial structure;
D O I
10.1016/j.econlet.2003.11.017
中图分类号
F [经济];
学科分类号
02 ;
摘要
Many studies report that the regression coefficient of saving on investment is small in developing countries. We demonstrate that this finding and higher saving-investment correlations in OECD countries can be explained by differences in financial structure across countries. (C) 2004 Elsevier B.V. All rights reserved.
引用
收藏
页码:371 / 376
页数:6
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