The Feldstein-Horioka Test of International Capital Mobility : Is it Feasible? /
Feldstein and Horioka (1980) argued that the correlation of saving and investment in a cross-section of countries may provide a test of global capital mobility. This paper argues that neither the long-run nor the short-run correlation can serve as a reliable basis for such a test. The intertemporal...
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| Format: | Revija |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
1996.
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| Serija: | IMF Working Papers; Working Paper ;
No. 1996/100 |
| Teme: | |
| Online dostop: | Full text available on IMF |