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National Savings And Domestic Investment In The Long Term: Some Time Series Evidence From The Oecd Author info | Abstract | Publisher info | Download info | Related research | Statistics PHILIP M. BODMAN
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This paper provides further evidence on the time series properties of national savings and domestic investment series using cointegration techniques. The findings in the paper for a sample of major OECD countries are in sharp contrast to most previous empirical findings relating to the Feldstein-Horioka puzzle. They provide preliminary evidence against what Dooley, Frankel and Mathieson (1987) call a "robust empirical regularity" and in favour of the assumption that international capital markets are highly integrated. [F21, F30.]
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Article provided by Korean International Economic Association in its journal International Economic Journal .
Volume (Year): 9 (1995)
Issue (Month): 2 (June)
Pages: 37-60
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Handle: RePEc:taf:intecj:v:9:y:1995:i:2:p:37-60Contact details of provider: Web page: http://taylorandfrancis.metapress.com/link.asp?id=110801
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Philip M. Bodman, 1997.
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Jordan Shan & Fiona Sun, 1998.
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Eric J. Pentecost & Carlyn Ramlogan, 2000.
"The Savings Ration And Financial Repression In Trinidad And Tobago ,"
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Herrmann, Sabine & Jochem, Axel, 2005.
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2005,32, Deutsche Bundesbank, Research Centre.
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Malebogo Bakwena & Philip Bodman & Sandy Suardi, .
"Making Abundant Natural Resources Work for Developing Economies: The Role of Financial Institutions ,"
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Herrmann, Sabine & Jochem, Axel, 2003.
"Die internationale Integration der Geldmärkte in den mittel- und osteuropäischen Beitrittsländern: Abweichungen von der gedeckten Zinsparität, Kapitalverkehrskontrollen und Ineffizienzen des Finan ,"
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Martin Schmidt, 2003.
"U.S. Saving and Investment: Policy Implications ,"
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Jochem, Axel & Herrmann, Sabine, 2003.
"The international integration of money markets in the central and east European accession countries : deviations from covered interest parity, capital controls and inefficiencies in the financial sect ,"
Discussion Paper Series 1: Economic Studies
2003,07, Deutsche Bundesbank, Research Centre.
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