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Financial integration, national savings and national investment in the EU member-states

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  • Theodore Papadogonas
  • Yannis Stournaras

Abstract

Financial integration in the EU is reflected in a lower correlation coefficient between national savings and national investment with different implications for “European South” and “European North” member-states.

Suggested Citation

  • Theodore Papadogonas & Yannis Stournaras, 2006. "Financial integration, national savings and national investment in the EU member-states," Applied Economics Letters, Taylor & Francis Journals, vol. 13(14), pages 953-956.
    • Handle: RePEc:taf:apeclt:v:13:y:2006:i:14:p:953-956
    DOI: 10.1080/13504850500426087
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    References listed on IDEAS

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    1. Feldstein, Martin & Horioka, Charles, 1980. "Domestic Saving and International Capital Flows," Economic Journal, Royal Economic Society, vol. 90(358), pages 314-329, June.
    2. Olivier Blanchard & Francesco Giavazzi, 2002. "Current Account Deficits in the Euro Area: The End of the Feldstein Horioka Puzzle?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 33(2), pages 147-210.
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    Cited by:

    1. Lee, Chien-Chiang & Chen, Mei-Ping & Chang, Chi-Hung, 2014. "Industry co-movement and cross-listing: Do home country factors matter?," Japan and the World Economy, Elsevier, vol. 32(C), pages 96-110.
    2. C. Worthington, Andrew & Higgs, Helen, 2010. "Assessing Financial Integration in the European Union Equity Markets: Panel Unit Root and Multivariate Cointegration and Causality Evidence," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 25, pages 457-479.
    3. Albani, Maria & Stournaras, Yannis, 2009. "A Model to Deal with Aggregate Supply and Demand Imbalances: The Case of Greece," The Journal of Economic Asymmetries, Elsevier, vol. 6(1), pages 15-28.

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