Title of article
The mother of all puzzles would not go away
Author/Authors
Tapen Sinha، نويسنده , , Dipendra Sinha، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2004
Pages
9
From page
259
To page
267
Abstract
This paper studies the short-run and long-run relationships between saving and investment rates for 123 countries using an error correction framework. The conventional wisdom suggests that capital should be more mobile for the countries with high per capita income. Our estimates suggest that capital is mobile for 16 countries most with a low per capita income.
Keywords
saving and investment , Long-run relationship , Feldstein–Horioka puzzle , cointegration
Journal title
Economics Letters
Serial Year
2004
Journal title
Economics Letters
Record number
435354
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