In 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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Paper provided by Kiel Institute for the World Economy in its series Economics Discussion Papers with number
2007-30.
Find related papers by JEL classification: E2 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment F2 - International Economics - - International Factor Movements and International Business I2 - Health, Education, and Welfare - - Education Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
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