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La movilidad del ahorro y la inversión en México

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  • Manuel Gollás

    (El Colegio de México)

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    Abstract

    A number of empirical studies have concluded that capital is internationally immobile. This result contradicts the empirical observation that a large volume of capital is traded every day in international capital markets. Is capital internationally mobile or not? This is the well known Feldstein-Horioka paradox. By estimating savings retention coefficients, we find that in Mexico, capital was immobile during the 1960’s and 1970’s but mobile during the 1980’s and 1990’s.

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    File URL: http://codex.colmex.mx:8991/exlibris/aleph/a18_1/apache_media/CUFC1I35JMBDA2GLIYK7QNBE9L2J1I.pdf
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    Bibliographic Info

    Article provided by El Colegio de México, Centro de Estudios Económicos in its journal Estudios Económicos.

    Volume (Year): 14 (1999)
    Issue (Month): 2 ()
    Pages: 198-215

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    Handle: RePEc:emx:esteco:v:14:y:1999:i:2:p:198-215

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    Web page: http://www.colmex.mx/centros/cee/
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