A Note On Human Capital And The Feldstein-Horioka Puzzle
AbstractIn this paper we re-examine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e. including human capital) of investment and saving. We find that the decline in the economic significance of the Feldstein-Horioka result, found in studies using more recent data, holds also for our broader definition of saving and investment. Copyright � 2009 The Authors. Journal compilation � 2009 Blackwell Publishing Ltd and The University of Manchester.
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Bibliographic InfoArticle provided by University of Manchester in its journal The Manchester School.
Volume (Year): 77 (2009)
Issue (Month): 3 (06)
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Other versions of this item:
- Katsimi, Margarita & Moutos, Thomas, 2007. "A Note on Human Capital and the Feldstein-Horioka Puzzle," Economics Discussion Papers 2007-30, Kiel Institute for the World Economy.
- Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
- F2 - International Economics - - International Factor Movements and International Business
- I2 - Health, Education, and Welfare - - Education
- E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
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