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The Feldstein-Horioka puzzle is not as bad as you think Author info | Abstract | Publisher info | Download info | Related research | Statistics Jerry Coakley
Ana-Maria Fuertes
Fabio Spagnolo
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Paper provided by Money Macro and Finance Research Group in its series Money Macro and Finance (MMF) Research Group Conference 2003 with number
17.
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Date of creation: 27 Sep 2004Date of revision:
Handle: RePEc:mmf:mmfc03:17Contact details of provider: Web page: http://www.essex.ac.uk/afm/mmf/index.html
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Keywords: Find related papers by JEL classification: C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data F31 - International Economics - - International Finance - - - Foreign Exchange
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Coakley, Jerry & Kulasi, Farida, 1997.
"Cointegration of long span saving and investment ,"
Economics Letters ,
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Maurice Obstfeld & Kenneth Rogoff, 2000.
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Maurice Obstfeld & Kenneth Rogoff, 2001.
"The Six Major Puzzles in International Macroeconomics: Is There a Common Cause? ,"
International Trade
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"The Six Major Puzzles in International Macroeconomics: Is There a Common Cause? ,"
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"The Six Major Puzzles in International Macroeconomics: Is There a Common Cause? ,"
Center for International and Development Economics Research, Working Paper Series
1010, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
[Downloadable!] Ho, Tsung-wu, 2002.
"The Feldstein-Horioka puzzle revisited ,"
Journal of International Money and Finance ,
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Alan M. Taylor, 2002.
"A Century of Current Account Dynamics ,"
NBER Working Papers
8927, National Bureau of Economic Research, Inc.
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"Current Accounts in the Long and Short Run ,"
CEPR Discussion Papers
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Other versions: Pesaran, M. Hashem & Smith, Ron, 1995.
"Estimating long-run relationships from dynamic heterogeneous panels ,"
Journal of Econometrics ,
Elsevier, vol. 68(1), pages 79-113, July.
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Other versions: Peter Phillips & Hyungsik Moon, 2000.
"Nonstationary panel data analysis: an overview of some recent developments ,"
Econometric Reviews ,
Taylor and Francis Journals, vol. 19(3), pages 263-286.
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Other versions: Jerry Coakley, Ana-Maria Fuertes, Ron Smith, 2001.
"Small sample properties of panel time-series estimators with I(1) errors ,"
Computing in Economics and Finance 2001
191, Society for Computational Economics.
Maurice Obstfeld & Alan M. Taylor, 2002.
"Globalization and Capital Markets ,"
NBER Working Papers
8846, National Bureau of Economic Research, Inc.
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Herbertsson, Tryggvi Thor & Zoega, Gylfi, 1999.
"Trade surpluses and life-cycle saving behaviour ,"
Economics Letters ,
Elsevier, vol. 65(2), pages 227-237, November.
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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(2002-2), pages 147-210.
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Jos Jansen, W, 1996.
"Estimating saving-investment correlations: evidence for OECD countries based on an error correction model ,"
Journal of International Money and Finance ,
Elsevier, vol. 15(5), pages 749-781, October.
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Coakley, Jerry & Kulasi, Farida & Smith, Ron, 1996.
"Current Account Solvency and the Feldstein-Horioka Puzzle ,"
Economic Journal ,
Royal Economic Society, vol. 106(436), pages 620-27, May.
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Corbin, Annie, 2001.
"Country specific effect in the Feldstein-Horioka paradox: a panel data analysis ,"
Economics Letters ,
Elsevier, vol. 72(3), pages 297-302, September.
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Gundlach, Erich & Sinn, Stefan, 1992.
"Unit Root Tests of the Current Account Balance: Implications for International Capital Mobility ,"
Applied Economics ,
Taylor and Francis Journals, vol. 24(6), pages 617-25, June.
Krol, Robert, 1996.
"International capital mobility: evidence from panel data ,"
Journal of International Money and Finance ,
Elsevier, vol. 15(3), pages 467-474, June.
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Lane, Philip R. & Milesi-Ferretti, Gian Maria, 2001.
"Long-Term Capital Movements ,"
CEPR Discussion Papers
2873, C.E.P.R. Discussion Papers.
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Other versions:
Philip Lane & Gian Maria Milesi-Ferretti, 2001.
"Long-Term Capital Movements ,"
CEG Working Papers
20018, Trinity College Dublin, Department of Economics.
[Downloadable!] Gian Maria Milesi-Ferretti & Philip R. Lane, 2001.
"Long-Term Capital Movements ,"
IMF Working Papers
01/107, International Monetary Fund.
[Downloadable!] Philip R. Lane & Gian Milesi-Ferretti, 2001.
"Long-Term Capital Movements ,"
NBER Working Papers
8366, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Philip Lane & Gian Maria Milesi-Ferretti, 2001.
"Long-Term Capital Movements ,"
Trinity Economics Papers
200112, Trinity College Dublin, Department of Economics.
[Downloadable!] Alan M. Taylor, 1996.
"International Capital Mobility in History: The Saving-Investment Relationship ,"
NBER Working Papers
5743, National Bureau of Economic Research, Inc.
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Coiteux, Martin & Olivier, Simon, 2000.
"The saving retention coefficient in the long run and in the short run: evidence from panel data ,"
Journal of International Money and Finance ,
Elsevier, vol. 19(4), pages 535-548, August.
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Nelson C. Mark & Masao Ogaki & Donggyu Sul, 2003.
"Dynamic Seemingly Unrelated Cointegrating Regression ,"
NBER Technical Working Papers
0292, National Bureau of Economic Research, Inc.
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Other versions:
Masao Ogaki & Nelson Mark & Donggyu Sul, 2004.
"Dynamic Seemingly Unrelated Cointegrating Regression ,"
Working Papers
04-02, Ohio State University, Department of Economics.
[Downloadable!] Nelson C. Mark & Masao Ogaki & Donggyu Sul, 2005.
"Dynamic Seemingly Unrelated Cointegrating Regressions ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 72(3), pages 797-820, 07.
[Downloadable!] (restricted) Bayoumi, Tamim & Sarno, Lucio & Taylor, Mark P, 1999.
"European Capital Flows and Regional Risk ,"
Manchester School ,
University of Manchester, vol. 67(1), pages 21-38, January.
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Other versions: Feldstein, Martin, 1983.
"Domestic saving and international capital movements in the long run and the short run ,"
European Economic Review ,
Elsevier, vol. 21(1-2), pages 129-151.
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Baxter, Marianne & Crucini, Mario J, 1993.
"Explaining Saving-Investment Correlations ,"
American Economic Review ,
American Economic Association, vol. 83(3), pages 416-36, June.
[Downloadable!] (restricted)
Other versions: Ozmen, Erdal & Parmaksiz, Kagan, 2003.
"Policy regime change and the Feldstein-Horioka puzzle: the UK evidence ,"
Journal of Policy Modeling ,
Elsevier, vol. 25(2), pages 137-149, February.
[Downloadable!] (restricted)
Kao, Chihwa, 1999.
"Spurious regression and residual-based tests for cointegration in panel data ,"
Journal of Econometrics ,
Elsevier, vol. 90(1), pages 1-44, May.
[Downloadable!] (restricted)
Sachsida, Adolfo & Caetano, Marcelo Abi-Ramia, 2000.
"The Feldstein-Horioka puzzle revisited ,"
Economics Letters ,
Elsevier, vol. 68(1), pages 85-88, July.
[Downloadable!] (restricted)
Other versions: Boyd, Derick & Smith, Ron, 1999.
"Testing for Purchasing Power Parity: Econometric Issues and an Application to Developing Countries ,"
Manchester School ,
University of Manchester, vol. 67(3), pages 287-303, June.
[Downloadable!] (restricted)
Jansen, W. Jos, 2000.
"International capital mobility: evidence from panel data ,"
Journal of International Money and Finance ,
Elsevier, vol. 19(4), pages 507-511, August.
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Other versions: Badi H. Baltagi & Chihwa Kao, 2000.
"Nonstationary Panels, Cointegration in Panels and Dynamic Panels: A Survey ,"
Center for Policy Research Working Papers
16, Center for Policy Research, Maxwell School, Syracuse University.
[Downloadable!]
Jansen, W Jos & Schulze, Gunther G, 1996.
"Theory-Based Measurement of the Saving-Investment Correlation with an Application to Norway ,"
Economic Inquiry ,
Oxford University Press, vol. 34(1), pages 116-32, January.
Other versions: Karlsson, Sune & Lothgren, Mickael, 2000.
"On the power and interpretation of panel unit root tests ,"
Economics Letters ,
Elsevier, vol. 66(3), pages 249-255, March.
[Downloadable!] (restricted)
Other versions: James M. Nason & John H. Rogers, 2003.
"The present-value model of the current account has been rejected: round up the usual suspects ,"
International Finance Discussion Papers
760, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!]
Other versions:
James M. Nason & John H. Rogers, 2003.
"The present-value model of the current account has been rejected: Round up the usual suspects ,"
Working Paper
2003-7, Federal Reserve Bank of Atlanta.
[Downloadable!] Nason, James M. & Rogers, John H., 2006.
"The present-value model of the current account has been rejected: Round up the usual suspects ,"
Journal of International Economics ,
Elsevier, vol. 68(1), pages 159-187, January.
[Downloadable!] (restricted) Jansen, W. Jos, 1997.
"Can the intertemporal budget constraint explain the Feldstein-Horioka puzzle? ,"
Economics Letters ,
Elsevier, vol. 56(1), pages 77-83, September.
[Downloadable!] (restricted)
Coakley, Jerry & Hasan, Farida & Smith, Ron, 1999.
"Saving, Investment, and Capital Mobility in LDCs ,"
Review of International Economics ,
Blackwell Publishing, vol. 7(4), pages 632-40, November.
Other versions: Coakley, Jerry & Kulasi, Farida & Smith, Ron, 1998.
"The Feldstein-Horioka Puzzle and Capital Mobility: A Review ,"
International Journal of Finance & Economics ,
John Wiley & Sons, Ltd., vol. 3(2), pages 169-88, April.
[Downloadable!] (restricted)
Kim, Sunghyun Henry, 2001.
"The saving-investment correlation puzzle is still a puzzle ,"
Journal of International Money and Finance ,
Elsevier, vol. 20(7), pages 1017-1034, December.
[Downloadable!] (restricted)
Feldstein, Martin & Horioka, Charles, 1980.
"Domestic Saving and International Capital Flows ,"
Economic Journal ,
Royal Economic Society, vol. 90(358), pages 314-29, June.
[Downloadable!] (restricted)
Other versions:
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Georgios Chortareas & George Kapetanios & Merih Uctum, 2004.
"An Investigation of Current Account Solvency in Latin America Using Non Linear Nonstationarity Tests ,"
Studies in Nonlinear Dynamics & Econometrics ,
Berkeley Electronic Press, vol. 8(1), pages 1200-1200.
[Downloadable!] (restricted)
Florian Pelgrin & Sebastian Schich, 2004.
"National Saving-Investment Dynamics and International Capital Mobility ,"
Working Papers
04-14, Bank of Canada.
[Downloadable!]
Herwartz, Helmut & Xu, Fang, 2006.
"Panel data model comparison for empirical saving-investment relations ,"
Economics working papers
2006,06, Christian-Albrechts-University of Kiel, Department of Economics.
[Downloadable!]
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