A Note on Human Capital and the Feldstein-Horioka Puzzle
AbstractIn this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change. --
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Bibliographic InfoPaper provided by Kiel Institute for the World Economy in its series Economics Discussion Papers with number 2007-30.
Date of creation: 2007
Date of revision:
human capital; current account; investment-saving correlation; capital mobility;
Other versions of this item:
- Margarita Katsimi & Thomas Moutos, 2009. "A Note On Human Capital And The Feldstein-Horioka Puzzle," Manchester School, University of Manchester, vol. 77(3), pages 398-409, 06.
- Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
- F2 - International Economics - - International Factor Movements and International Business
- I2 - Health, Education, and Welfare - - Education
- E2 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-08-14 (All new papers)
- NEP-BEC-2007-08-14 (Business Economics)
- NEP-HRM-2007-08-14 (Human Capital & Human Resource Management)
- NEP-MAC-2007-08-14 (Macroeconomics)
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