Developing Countries and the Feldstein-Horioka Puzzle

Developing Countries and the Feldstein-Horioka Puzzle
The previous literature points to a high correlation between domestic rates of investment and savings among OECD countries. Some take this as evidence of limited financial integration in the industrialized world. This paper presents new empirical results, based on an extended sample of countries. The correlation coefficient in a regression of... READ MORE...

Publication date: January 1998
ISBN 9781451841732
$15.00

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