文章基本信息

标题：The Feldstein-Horioka fact
本地全文：下载
作者：Domenico Giannone ; Michele Lenza
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2008
卷号：1
出版社：European Central Bank
摘要：This paper shows that general equilibrium effects can partly rationalize the high correlation between saving and investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving-retention coefficient remains high in the 70’s but decreases considerably since the 80’s, consistently with the increased capital mobility in OECD countries.
关键词：Saving-Investment Correlation; Capital Mobility; International Comovement;Dynamic Factor Model.