Theory-Based Measurement of the Saving-Investment Correlation with an Application to Norway
AbstractThe work of Martin Feldstein and Charles Horioka (1980) has stimulated much research on the correlations of national savings and investment rates and their relation to the degree of international capital mobility. Theory implies a cointegrating relation between these variables, which suggests this correlation is measured best by an error-correction model. This model includes all previous specifications as special cases, which the authors show are potentially misspecified on theoretical grounds. Applied to Norway, their model outperforms prevailing specifications. The authors detect structural breaks and find that the correlation's time profile is consistent with other indicators of capital mobility. Copyright 1996 by Oxford University Press.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Erasmus University of Rotterdam - Institute for Economic Research in its series Papers with number 9302-g.
Length: 26 pages
Date of creation: 1993
Date of revision:
Contact details of provider:
Postal: ERASMUS UNIVERSITY OF ROTTERDAM, INSTITUTE FOR ECONOMIC RESEOB.O. BOX 1738 ROTTERDAM THE NETHERLANDS.
Phone: 31 10 4081111
Web page: http://www.few.eur.nl/few/
More information through EDIRC
savings ; investments ; capital movements;
Other versions of this item:
- Jansen, W Jos & Schulze, Gunther G, 1996. "Theory-Based Measurement of the Saving-Investment Correlation with an Application to Norway," Economic Inquiry, Western Economic Association International, vol. 34(1), pages 116-32, January.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page. reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel).
If references are entirely missing, you can add them using this form.