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
相关论文
共 10 条
[1]  
[Anonymous], DEV COUNTRIES FELDST
[2]  
[Anonymous], 2001, J INT FINANCIAL MARK, DOI [DOI 10.1016/S1042-4431(00)00046-9, 10.1016/s1042-4431(00)00046-9]
[3]  
BAYOUMI T, 1990, INT MONET FUND S PAP, V37, P360
[4]  
Beck T., 2001, FINANCIAL STRUCTURE, P17
[5]  
BERNANKE B, 1989, AM ECON REV, V79, P14
[6]  
Demirguc-Kunt A., 2001, FINANCIAL STRUCTURE, P81
[7]  
DOOLEY M, 1987, INT MONET FUND S PAP, V34, P503
[8]   DOMESTIC SAVING AND INTERNATIONAL CAPITAL FLOWS [J].
FELDSTEIN, M ;
HORIOKA, C .
ECONOMIC JOURNAL, 1980, 90 (358) :314-329
[9]   The Feldstein-Horioka puzzle revisited [J].
Sachsida, A ;
Caetano, MAR .
ECONOMICS LETTERS, 2000, 68 (01) :85-88
[10]   WHAT DO SAVING INVESTMENT RELATIONSHIPS TELL US ABOUT CAPITAL MOBILITY [J].
WONG, DY .
JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 1990, 9 (01) :60-74