IDEAS home Printed from https://ideas.repec.org/a/kea/keappr/ker-199812-14-2-05.html
   My bibliography  Save this article

The Measurement of International Capital Mobility by Using Error Correction Model in Korea

Author

Listed:
  • Hong Kee Kim

    (Hannam University)

Abstract

This study aims at measuring the international capital mobility in Korea, taking into consideration short run and long run relationship between savings and investment. Whereas the long run relationship between saving and investment implies intertemporal budget constraint, short run relationship may measure the degree of international capital mobility. Many other specification equations which have been used to gauge correlation of investment and saving, are one of constrained error correction model. The result of estimation by using error correction model shows that the traditional equations estimated by many other authors have specification error and there doesn't exist Feldstein and Horioka 's puzzle and international capital mobility has increased rapidly since 1980s in Korea.

Suggested Citation

  • Hong Kee Kim, 1998. "The Measurement of International Capital Mobility by Using Error Correction Model in Korea," Korean Economic Review, Korean Economic Association, vol. 14, pages 309-322.
    • Handle: RePEc:kea:keappr:ker-199812-14-2-05
    as

    Download full text from publisher

    File URL: http://keapaper.kea.ne.kr/RePEc/kea/keappr/KER-199812-14-2-05.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Capital Mobility; Error Correction Model;

    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General
    • F2 - International Economics - - International Factor Movements and International Business
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kea:keappr:ker-199812-14-2-05. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: KEA (email available below). General contact details of provider: https://edirc.repec.org/data/keaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.