Saving-Investment Relationship and Capital Mobility: Evidence from Chinese Provincial Data, 1980—2007
AbstractPanel data for individual Chinese provinces from 1980 to 2007 was used to estimate the saving-investment model used by Feldstein and Horioka (1980), shed light on changes to China's domestic capital mobility since the adoption of the Open Door Policy, and determine whether there has been any increase in mobility since 2000. High capital mobility was observed through the first half of the 1980s followed by low capital mobility during the 1990s. Capital mobility began to gradually increase again around 1996, reaching levels similar to those of other leading industrialized countries in the 2000s.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 29 (2009)
Issue (Month): 3 ()
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Feldstein-Horioka paradox; Chinese provincial data; capital mobility;
Other versions of this item:
- Yoshihiro, Hashiguchi & Shigeyuki, Hamori, 2009. "Saving-Investment Relationship and Capital Mobility:Evidence from Chinese Provincial Data, 1980—2007," MPRA Paper 17357, University Library of Munich, Germany.
- F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Martin Feldstein & Charles Horioka, 1979.
"Domestic Savings and International Capital Flows,"
NBER Working Papers
0310, National Bureau of Economic Research, Inc.
- Robert Dekle, 1995.
"Saving-investment associations and capital mobility on the evidence from Japanese regional data,"
International Finance Discussion Papers
496, Board of Governors of the Federal Reserve System (U.S.).
- Dekle, Robert, 1996. "Saving-investment associations and capital mobility On the evidence from Japanese regional data," Journal of International Economics, Elsevier, vol. 41(1-2), pages 53-72, August.
- Shang-Jin Wei & Genevieve Boyreau-Debray, 2004. "Can China Grow Faster? A Diagnosis on the Fragmentation of the Domestic Capital Market," IMF Working Papers 04/76, International Monetary Fund.
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