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Estimating saving-investment correlations: evidence for OECD countries based on an error correction model

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Cited by:

  1. Piotr Misztal, 2011. "The Feldstein-Horioka Hypothesis in Countries with Varied Levels of Economic Development," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 5(2), June.
  2. Santosh Kumar Dash, 2017. "Analyzing Current Account Sustainability through the Saving-Investment Correlation," Economics Bulletin, AccessEcon, vol. 37(4), pages 2860-2870.
  3. Herwartz, H. & Xu, F., 2010. "A functional coefficient model view of the Feldstein-Horioka puzzle," Journal of International Money and Finance, Elsevier, vol. 29(1), pages 37-54, February.
  4. Francesca Iorio & Stefano Fachin, 2014. "Savings and investments in the OECD: a panel cointegration study with a new bootstrap test," Empirical Economics, Springer, vol. 46(4), pages 1271-1300, June.
  5. Daniel Levy, 2000. "Investment-Saving Comovement and Capital Mobility: Evidence from Century Long U.S. Time Series," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 3(1), pages 100-137, January.
  6. Martin B. Schmidt, 2001. "Savings and Investment: Some International Perspectives," Southern Economic Journal, John Wiley & Sons, vol. 68(2), pages 446-456, October.
  7. Pieterse-Bloem, M., 2011. "The effect of Emu on bond market integration and investor portfolio allocations," Other publications TiSEM 3c6ce80d-9260-424a-b889-b, Tilburg University, School of Economics and Management.
  8. João Sousa Andrade, 2006. "Mobilidade do Capital e Sustentabilidade Externa: uma aplicação da tese de F-H a Portugal (1910-2004)," GEMF Working Papers 2006-04, GEMF, Faculty of Economics, University of Coimbra.
  9. Christophe Tavéra & Jean-Christophe Poutineau & Jean-Sébastien Pentecôte & Isabelle Cadoret & Arthur Charpentier, 2015. "The “mother of all puzzles” at thirty: A meta-analysis," International Economics, CEPII research center, issue 141, pages 80-96.
  10. Ibrahim Raheem & Kazeem Ajide & Oluwatosin Adeniyi, 2015. "Is there a role for governance in the saving-investment nexus for Sub-Saharan Africa?," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 17(2), pages 120-134, October.
  11. Ekong, Christopher N. & Onye, Kenneth U., 2015. "International Capital Mobility and Saving-Investment Nexus in Nigeria: Revisiting Feldstein-Horioka Hypothesis," MPRA Paper 88232, University Library of Munich, Germany.
  12. W. Jansen, 1998. "Interpreting Saving-Investment Correlations," Open Economies Review, Springer, vol. 9(3), pages 207-219, July.
  13. Rajarshi Mitra, 2015. "Saving-Investment Correlation and Capital Flows: The Philippines 1960-2014," Economics Bulletin, AccessEcon, vol. 35(4), pages 2853-2861.
  14. Ricardo Bebczuk & Klaus Schmidt-Hebbel, 2010. "Revisiting the Feldstein-Horioka Puzzle: An institutional sector view," Económica, Instituto de Investigaciones Económicas, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, vol. 0, pages 69-104, January-D.
  15. Eslamloueyan, Karim & Jafari, Mahbobeh, 2010. "Capital mobility, openness, and saving-investment relationship in Asia," Economic Modelling, Elsevier, vol. 27(5), pages 1246-1252, September.
  16. Eleftherios Makedonas & Stavros Tsopoglou, 2013. "Does Accounting for Foreign Capital Flows help to solve the Feldstein and Horioka Puzzle? The Case of Norway," Economic Issues Journal Articles, Economic Issues, vol. 18(1), pages 39-56, March.
  17. Harwinder Kaur & Vishal Sarin, 2021. "The Saving–Investment Cointegration Across East Asian Countries: Evidence from the ARDL Bound Approach," Global Business Review, International Management Institute, vol. 22(4), pages 1010-1018, August.
  18. Kristen Rensselaer & Joe Copeland, 2000. "Savings and investment rates in Latin America: An error correction analysis," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 24(2), pages 195-205, June.
  19. Saten Kumar & B. Bhaskara Rao, 2011. "A Time‐series Approach to the Feldstein–Horioka Puzzle with Panel Data from the OECD Countries," The World Economy, Wiley Blackwell, vol. 34(3), pages 473-485, March.
  20. Kumar, Saten, 2015. "Regional integration, capital mobility and financial intermediation revisited: Application of general to specific method in panel data," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 36(C), pages 1-17.
  21. Guzel, Adnan & Ozdemir, Zeynel Abidin, 2011. "The Feldstein-Horioka puzzle in the presence of structural shifts: The case of Japan versus the USA," Research in International Business and Finance, Elsevier, vol. 25(2), pages 195-202, June.
  22. Mohammad, Masud Alam & Mohammad, Rafiqul Islam, 2010. "Revisiting the Feldstein-Horioka Hypothesis of savings, investment and capital mobility: evidence from 27 EU countries," MPRA Paper 39383, University Library of Munich, Germany.
  23. Chakrabarti, Avik, 2006. "The saving-investment relationship revisited: New evidence from multivariate heterogeneous panel cointegration analyses," Journal of Comparative Economics, Elsevier, vol. 34(2), pages 402-419, June.
  24. Jansen, W. Jos, 1997. "Can the intertemporal budget constraint explain the Feldstein-Horioka puzzle?," Economics Letters, Elsevier, vol. 56(1), pages 77-83, September.
  25. Payne, James E., 2005. "Savings-investment dynamics in Mexico," Journal of Policy Modeling, Elsevier, vol. 27(5), pages 525-534, July.
  26. Florian Pelgrin & Sebastian Schich, 2004. "National Saving-Investment Dynamics and International Capital Mobility," Staff Working Papers 04-14, Bank of Canada.
  27. Balázs Varga & Ádám Plajner, 2012. "Puzzling Out Feldstein-Horioka: an Extensive Analysis using Time Varying Parameter Models," EcoMod2012 4525, EcoMod.
  28. S. Venkata SESHAIAH, 2014. "On The Estimation of the Determinants of the Current Account Deficits: A Case of Indian Economy," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 14(1), pages 203-214.
  29. Martin Schmidt, 2003. "U.S. Saving and Investment: Policy Implications," Open Economies Review, Springer, vol. 14(4), pages 381-395, October.
  30. Nelson C. Mark & Masao Ogaki & Donggyu Sul, 2005. "Dynamic Seemingly Unrelated Cointegrating Regressions," Review of Economic Studies, Oxford University Press, vol. 72(3), pages 797-820.
  31. Farzad Mirmahboub, 2017. "Financial integration faced with the crisis: comparative cases of Greece and Portugal," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 64(3), pages 269-284, September.
  32. Onur ÖZDEMIR, 2022. "High-Income Countries and Feldstein-Horioka Puzzle: Econometric Evidence from Dynamic Common-Correlated Effects Model," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 45-67, April.
  33. Ibrahim Dolapo Raheem, 2017. "More Finance or Better Finance in Feldstein–Horioka Puzzle: Evidence from SSA Countries," Global Business Review, International Management Institute, vol. 18(1), pages 132-143, February.
  34. SESHAIAH, S. Venkata, 2012. "Savings And Investment In India: The Feldstein Horioka Puzzle," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 12(2).
  35. Jerry Coakley & Ana-Maria Fuertes & Fabio Spagnolo, 2004. "The Feldstein-Horioka puzzle is not as bad as you think," Money Macro and Finance (MMF) Research Group Conference 2003 17, Money Macro and Finance Research Group.
  36. AmirKhalkhali, Saleh & Dar, Atul & AmirKhalkhali, Samad, 2003. "Saving-investment correlations, capital mobility and crowding out: some further results," Economic Modelling, Elsevier, vol. 20(6), pages 1137-1149, December.
  37. Reetu Verma & Ali Salman Saleh, 2011. "Saving and investment in Saudi Arabia: an empirical analysis," Studies in Economics and Finance, Emerald Group Publishing Limited, vol. 28(2), pages 136-148, June.
  38. Smruti Ranjan BEHERA, 2015. "Saving-investment Dynamics and capital Mobility in the BRICS," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 15(1), pages 5-16.
  39. Fedoseeva, Svetlana, 2013. "Do German exporters PTM? Searching for right answers in sugar confectionery exports," Discussion Papers 62, Justus Liebig University Giessen, Center for international Development and Environmental Research (ZEU).
  40. Anastasios Mastroyiannis, 2007. "Current Account Dynamics and the Feldstein and Horioka Puzzle: the Case of Greece," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 4(1), pages 91-99, June.
  41. Di Iorio, Francesca & Fachin, Stefano, 2010. "A Panel Cointegration study of the long-run relationship between Savings and Investments in the OECD economies, 1970-2007," MPRA Paper 25873, University Library of Munich, Germany.
  42. Smruti Ranjan Behera, 2017. "Saving–Investment Dynamics And Capital Mobility In The Newly Industrialized Countries," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 62(02), pages 403-422, June.
  43. Yannick BINEAU, 2010. "A Empirical Assessment of the Feldstein and Horioka Literature," EcoMod2010 259600030, EcoMod.
  44. João Sousa Andrade, 2007. "La these de Feldstein-Horioka: une mesure de la mobilité internationale du capital," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 54(1), pages 53-67, March.
  45. Yoke-Kee Eng & Muzafar Habibullah, 2006. "Assessing International Capital Mobility in East Asian Economies: A Panel Error-Correction Approach," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 11(4), pages 411-423.
  46. Sal AMIRKHALKHALI & Atul DAR, 2009. "Capital Mobility, Intertemporal Budget Constraint, Government Policy and Country Size," EcoMod2009 21500003, EcoMod.
  47. Ketenci, Natalya, 2013. "The Feldstein–Horioka puzzle in groupings of OECD members: A panel approach," Research in Economics, Elsevier, vol. 67(1), pages 76-87.
  48. Smruti Ranjan Behera, 2015. "International Capital Mobility and Saving-Investment Relationship in India," Economics Bulletin, AccessEcon, vol. 35(1), pages 430-440.
  49. Eslamloueyan, Karim & Jafari, Mahboubeh, 2014. "Financial crisis and saving–investment dynamics in the presence of cross-sectional dependence: The case of East Asia," China Economic Review, Elsevier, vol. 30(C), pages 209-220.
  50. Adian McFarlane & Young Cheol Jung & Anupam Das, 2020. "The dynamics among domestic saving, investment, and the current account balance in the USA: a long-run perspective," Empirical Economics, Springer, vol. 58(4), pages 1659-1680, April.
  51. Bertrand BLANCHETON (CMHE-IFReDE-GRES) & Samuel MAVEYRAUD-TRICOIRE (Université Bordeaux IV), 2006. "The indicators of international financial integration: A set of convergent measures (In French)," Cahiers du GRES (2002-2009) 2006-13, Groupement de Recherches Economiques et Sociales.
  52. Phiri, Andrew, 2019. "The Feldstein-Horioka Puzzle and the Global Financial Crisis: Evidence from South Africa using Asymmetric Cointegration Analysis," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 72(2), pages 139-170.
  53. Kumar Narayan, Paresh, 2005. "The relationship between saving and investment for Japan," Japan and the World Economy, Elsevier, vol. 17(3), pages 293-309, August.
  54. Chan, Tze-Haw & Baharumshah, Ahmad Zubaidi, 2003. "Measuring Capital Mobility in the Asia Pacific Rim," MPRA Paper 2208, University Library of Munich, Germany, revised 2004.
  55. Ketenci, Natalya, 2018. "Impact of the Global Financial Crisis on the Level of Capital Mobility in EU Members," MPRA Paper 100075, University Library of Munich, Germany.
  56. Huseyin Kalyoncu, 2007. "Saving-investment correlations and capital mobility in OECD countries: an error correction analysis," Applied Economics Letters, Taylor & Francis Journals, vol. 14(8), pages 597-601.
  57. Andrew J. Abbott & Glauco De Vita, 2003. "Another Piece in the Feldstein — Horioka Puzzle," Scottish Journal of Political Economy, Scottish Economic Society, vol. 50(1), pages 69-89, February.
  58. Tuck Cheong Tang, 2005. "Revisiting South Korea's Import Demand Behavior: A Cointegration Analysis," Asian Economic Journal, East Asian Economic Association, vol. 19(1), pages 29-50, March.
  59. Joe Garmondyu Greaves, 2018. "Investigating Saving and Investment Relationship: Evidence from an Autoregressive Distributed Lag Bounds Testing Approach in Liberia," International Journal of Economics and Financial Issues, Econjournals, vol. 8(4), pages 89-104.
  60. Jerry Coakley & Ana‐Maria Fuertes & Fabio Spagnolo, 2004. "Is the Feldstein–Horioka Puzzle History?," Manchester School, University of Manchester, vol. 72(5), pages 569-590, September.
  61. Ketenci, Natalya, 2012. "The Feldstein–Horioka Puzzle and structural breaks: Evidence from EU members," Economic Modelling, Elsevier, vol. 29(2), pages 262-270.
  62. Arusha Cooray & Dipendra Sinha, 2007. "The Feldstein-Horioka model re-visited for African countries," Applied Economics, Taylor & Francis Journals, vol. 39(12), pages 1501-1510.
  63. Natalya Ketenci, N., 2010. "The Feldstein Horioka Puzzle by groups of OECD members: the panel approach," MPRA Paper 25848, University Library of Munich, Germany.
  64. 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.
  65. Moreno, Ramon, 1997. "Saving-investment dynamics and capital mobility in the US and Japan," Journal of International Money and Finance, Elsevier, vol. 16(6), pages 837-863, December.
  66. João Sousa Andrade, 2007. "L’Intégration Européenne et la Soutenabilité Externe de l’Union Européenne: une application de la thèse de Feldstein-Horioka," GEMF Working Papers 2007-05, GEMF, Faculty of Economics, University of Coimbra.
  67. Rajarshi Mitra, 2017. "Domestic Saving-Investment Correlation Puzzle Revisited: A Time Series Analysis for South Africa," Economics Bulletin, AccessEcon, vol. 37(2), pages 1217-1225.
  68. Natalya Ketenci, 2016. "The Feldstein–Horioka Puzzle and Structural Breaks: Evidence from the Largest Countries of Asia," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 10(3), pages 337-354, August.
  69. Apergis, Nicholas & Tsoumas, Chris, 2009. "A survey of the Feldstein-Horioka puzzle: What has been done and where we stand," Research in Economics, Elsevier, vol. 63(2), pages 64-76, June.
  70. Sinha, Dipendra, 2002. "Saving-investment relationships for Japan and other Asian countries," Japan and the World Economy, Elsevier, vol. 14(1), pages 1-23, January.
  71. Kollias, Christos & Mylonidis, Nikolaos & Paleologou, Suzanna-Maria, 2008. "The Feldstein-Horioka puzzle across EU members: Evidence from the ARDL bounds approach and panel data," International Review of Economics & Finance, Elsevier, vol. 17(3), pages 380-387.
  72. László Kónya, 2015. "Saving and investment rates in the BRICS countries," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 24(3), pages 429-449, April.
  73. Santosh Kumar Dash, 2020. "Are Current Account Deficits Sustainable? Evidence from Dynamic Panel Data Analysis," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 18(4), pages 799-823, December.
  74. Phiri, Andrew, 2017. "The Feldstein-Horioka puzzle and the global recession period: Evidence from South Africa using asymmetric cointegration analysis," MPRA Paper 79096, University Library of Munich, Germany.
  75. Sal AMIRKHALKHALI & Atul DAR, 2016. "Public Debt, Saving-Investment-Current Account Dynamics, and Capital Mobility in OECD countries, 1999-2013," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 16(1), pages 5-12.
  76. Sarra Ben Slimane & Moez Ben Tahar & Zied Essid, 2013. "Comparative analysis of the degree of international capital mobility in Tunisia and Morocco: revised Feldstein Horioka approach," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 5(1), pages 33-43, June.
  77. Tarlok Singh, 2007. "Intertemporal Optimizing Models Of Trade And Current Account Balance: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 21(1), pages 25-64, February.
  78. Guillaumin, Cyriac, 2009. "Financial integration in East Asia: Evidence from panel unit root and panel cointegration tests," Journal of Asian Economics, Elsevier, vol. 20(3), pages 314-326, May.
  79. Sinha, Tapen & Sinha, Dipendra, 2004. "The mother of all puzzles would not go away," Economics Letters, Elsevier, vol. 82(2), pages 259-267, February.
  80. Muhammad Shahbaz & Samia Nasreen & Ilhan Ozturk, 2016. "FDI, Growth and CO2 Emissions Relationship: Evidence from High, Middle and Low Income Countries," Bulletin of Energy Economics (BEE), The Economics and Social Development Organization (TESDO), vol. 4(1), pages 54-69, March.
  81. Annie Corbin, 2004. "Capital mobility and adjustment of the current account imbalances: a bounds testing approach to cointegration in 12 countries (1880-2001)," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 9(3), pages 257-276.
  82. Chan, Kenneth S. & Dang, Vinh Q.T. & Lai, Jennifer T., 2018. "Capital market integration in ASEAN: A non-stationary panel data analysis," The North American Journal of Economics and Finance, Elsevier, vol. 46(C), pages 249-260.
  83. AmirKhalkhali, Sal & Dar, Atul, 2007. "Trade openness and saving-investment correlations," Economic Modelling, Elsevier, vol. 24(1), pages 120-127, January.
  84. Shabbir Ahmad, 2017. "Investment and Saving Relationship in South Asia," International Journal of Economics and Financial Issues, Econjournals, vol. 7(4), pages 726-729.
  85. Dash, Santosh Kumar, 2019. "Has the Feldstein-Horioka puzzle waned? Evidence from time series and dynamic panel data analysis," Economic Modelling, Elsevier, vol. 83(C), pages 256-269.
  86. Atul DAR & Sal AMIRKHALKHALI, 2011. "On the Impact of Openness and Regulatory Quality on Saving- Investment Dynamics in Emerging Economies," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 11(2).
  87. Seyi Saint Akadiri & Itodo Idoko Ahmed & Ojonugwa Usman & Medhi Seraj, 2016. "The Feldstein - Horioka Paradox, A Case Study of Turkey," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 6(12), pages 744-749, December.
  88. Martin Schmidt, 2003. "Savings and investment in Australia," Applied Economics, Taylor & Francis Journals, vol. 35(1), pages 99-106.
  89. Telatar, Erdinc & Telatar, Funda & Bolatoglu, Nasip, 2007. "A regime switching approach to the Feldstein-Horioka puzzle: Evidence from some European countries," Journal of Policy Modeling, Elsevier, vol. 29(3), pages 523-533.
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