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The Feldstein-Horioka puzzle revisited

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  • Sachsida, Adolfo
  • Caetano, Marcelo Abi-Ramia

Abstract

This article corroborate the evidence that the Feldstein-Horioka test do not reflect capital mobility in the real side of economics, but just the variability between external and domestic saving.
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Suggested Citation

  • Sachsida, Adolfo & Caetano, Marcelo Abi-Ramia, 2000. "The Feldstein-Horioka puzzle revisited," Economics Letters, Elsevier, vol. 68(1), pages 85-88, July.
    • Handle: RePEc:eee:ecolet:v:68:y:2000:i:1:p:85-88
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    References listed on IDEAS

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    12. Maurice Obstfeld., 1993. "Are Industrial-Country Consumption Risks Globally Diversified?," Center for International and Development Economics Research (CIDER) Working Papers C93-014, University of California at Berkeley.
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    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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