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Measuring international capital mobility: A critical assessment of the use of saving and investment correlations

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  • Sinn, Stefan

Abstract

Economists have been interested in the degree of international capital mobility for a variety of reasons. E.g., the extent to which public deficits crowd out domestic investments depends on the ease with which domestic firms may access the international capital market. The welfare reduction due to a temporary negative shock to an economy (earthquake) is much less pronounced if it can borrow resources from abroad in order to tide itself over the initial period of reconstruction.

Suggested Citation

  • Sinn, Stefan, 1991. "Measuring international capital mobility: A critical assessment of the use of saving and investment correlations," Kiel Working Papers 458, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:458
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    Cited by:

    1. Kopp, Andreas, 1994. "International factor movements and trade: The basic issues," Kiel Working Papers 662, Kiel Institute for the World Economy (IfW Kiel).
    2. Bernard Dumas, 1993. "Partial- vs general-equilibrium models of the international capital market," Working Papers hal-00610766, HAL.
    3. Gundlach, Erich & Sinn, Stefan, 1991. "Unit root tests of the current account balance: implications for international capital mobility," Kiel Working Papers 495, Kiel Institute for the World Economy (IfW Kiel).
    4. Lapp, Susanne, 1996. "The Feldstein-Horioka paradox: A selective survey of the literature," Kiel Working Papers 752, Kiel Institute for the World Economy (IfW Kiel).
    5. Ginama, Isamu & Hayakawa, Kazuhiko & Kanmei, Takahiro, 2018. "Examining the Feldstein–Horioka puzzle using common factor panels and interval estimation," Japan and the World Economy, Elsevier, vol. 48(C), pages 11-21.

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