Saving-Investment Relationship and Capital Mobility:Evidence from Chinese Provincial Data, 1980—2007
AbstractPanel data for individual Chinese provinces from 1980 to 2007 was used to estimate the saving-investment model used by Feldstein and Horioka (1980), shed light on changes to China's domestic capital mobility since the adoption of the Open Door Policy, and determine whether there has been any increase in mobility since 2000. High capital mobility was observed through the first half of the 1980s followed by low capital mobility during the 1990s. Capital mobility began to gradually increase again around 1996, reaching levels similar to those of other leading industrialized countries in the 2000s.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 17357.
Date of creation: Sep 2009
Date of revision:
Publication status: Published in Economics Bulletin 3.29(2009): pp. 1986-1994
Saving-Investment Relationship; Capital Mobility; Chinese Provincial Data; Feldstein-Horioka puzzle;
Other versions of this item:
- Yoshihiro Hashiguchi & Shigeyuki Hamori, 2009. "Saving-Investment Relationship and Capital Mobility: Evidence from Chinese Provincial Data, 1980â€”2007," Economics Bulletin, AccessEcon, vol. 29(3), pages 1981-1989.
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-09-26 (All new papers)
- NEP-CNA-2009-09-26 (China)
- NEP-TRA-2009-09-26 (Transition Economics)
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.:
- Robert Dekle, 1995.
"Saving-investment associations and capital mobility on the evidence from Japanese regional data,"
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)
496, Board of Governors of the Federal Reserve System (U.S.).
- Dekle, Robert, 1996. "Saving-investment associations and capital mobility On the evidence from Japanese regional data," Journal of International Economics, Elsevier, Elsevier, vol. 41(1-2), pages 53-72, August.
- Feldstein, Martin & Horioka, Charles, 1980.
"Domestic Saving and International Capital Flows,"
Economic Journal, Royal Economic Society,
Royal Economic Society, vol. 90(358), pages 314-29, June.
- Shang-Jin Wei & Genevieve Boyreau-Debray, 2004. "Can China Grow Faster? a Diagnosison the Fragmentation of the Domestic Capital Market," IMF Working Papers 04/76, International Monetary Fund.
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