Feldstein-Horioka meets a time trend

被引：24

作者：

Georgopoulos, GJ

Hejazi, W

机构：

[1] York Univ, Sch Analyt Studies & Informat Technol, Dept Econ, Toronto, ON M3J 1P3, Canada

[2] Univ Toronto, Rotman Sch Management, Toronto, ON, Canada

来源：

ECONOMICS LETTERS | 2005年 / 86卷 / 03期

关键词：

Feldstein-Horioka puzzle; time trend; fixed effects;

D O I：

10.1016/j.econlet.2004.07.020

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Much of the literature relating to the Feldstein-Horioka puzzle misses two major points: it is obvious there should be a home bias, and that this bias should be falling through time. Our empirical analysis is consistent with these points. (c) 2004 Published by Elsevier B.V.

引用

页码：353 / 357

页数：5

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