Capital mobility and savings-investment correlations: panel data evidence from transition economies
This study examines the relationship between savings and investment for 26 transition economies using a panel data set covering the 1991 to 2002 period. Estimates of the saving coefficient based on cross-sectional, fixed-effect, random-effect and mean-group estimators range from 0.263 to 0.315, which are significantly less than one.
Volume (Year): 13 (2006)
Issue (Month): 10 ()
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