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La movilidad del ahorro y la inversión en México

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  • Manuel Gollás

    (El Colegio de México)

Abstract

A number of empirical studies have concluded that capital is internationally immobile. This result contradicts the empirical observation that a large volume of capital is traded every day in international capital markets. Is capital internationally mobile or not? This is the well known Feldstein-Horioka paradox. By estimating savings retention coefficients, we find that in Mexico, capital was immobile during the 1960’s and 1970’s but mobile during the 1980’s and 1990’s.

Suggested Citation

  • Manuel Gollás, 1999. "La movilidad del ahorro y la inversión en México," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 14(2), pages 189-215.
  • Handle: RePEc:emx:esteco:v:14:y:1999:i:2:p:198-215
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    File URL: http://estudioseconomicos.colmex.mx/archivo/EstudiosEconomicos1999/189-215.pdf
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