Title of article
Are saving and investment cointegrated? An ARDL bounds testing approach
Author/Authors
Glauco De Vita، نويسنده , , Andrew Abbott، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2002
Pages
7
From page
293
To page
299
Abstract
Using the newly developed ARDL bounds testing procedure, we find that, as implied by the intertemporal budget constraint, U.S. saving and investment rates cointegrate in all sample periods considered. Our results also show that the saving–investment correlation weakens after 1971, suggesting that the Feldstein–Horioka approach provides an at least partially informative measure of capital mobility
Keywords
Capital mobility , Feldstein–Horioka puzzle , Saving–investment , cointegration
Journal title
Economics Letters
Serial Year
2002
Journal title
Economics Letters
Record number
435053
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