The Feldstein-Horioka test of international capital mobility : Is it feasible? /
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Author / Creator: | Jansen, W. J., author. |
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Imprint: | [Washington, D.C.] : International Monetary Fund, Research Dept., ©1996. |
Description: | 1 online resource (iii, 23 pages) : illustrations |
Language: | English |
Series: | IMF working paper ; WP/96/100 IMF working paper ; WP/96/100. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/13510684 |
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100 | 1 | |a Jansen, W. J., |e author. |0 http://id.loc.gov/authorities/names/no96002476 | |
245 | 1 | 4 | |a The Feldstein-Horioka test of international capital mobility : |b Is it feasible? / |c prepared by W. Jos Jansen. |
260 | |a [Washington, D.C.] : |b International Monetary Fund, Research Dept., |c ©1996. | ||
300 | |a 1 online resource (iii, 23 pages) : |b illustrations | ||
336 | |a text |b txt |2 rdacontent | ||
337 | |a computer |b c |2 rdamedia | ||
338 | |a online resource |b cr |2 rdacarrier | ||
490 | 1 | |a IMF working paper ; |v WP/96/100 | |
504 | |a Includes bibliographical references (pages 20-23). | ||
506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
588 | 0 | |a Print version record. | |
520 | 8 | |a Annotation |b Feldstein and Horioka (1980) argued that the correlation of saving and investment in a cross-section of countries may provide a test of global capital mobility. This paper argues that neither the long-run nor the short-run correlation can serve as a reliable basis for such a test. the intertemporal budget constraint implies that each countrys saving and investment should be cointegrated over time. Simulations show that the cross-section regressions used in the literature will produce correlations that strongly tend towards one, regardless of the degree of capital mobility. Although the short-run correlation is not affected by the intertemporal budget constraint, the empirical analysis shows it is primarily a country-specific business cycle fact. | |
546 | |a English. | ||
650 | 0 | |a Capital movements |x Econometric models. | |
650 | 0 | |a Saving and investment |x Econometric models. | |
650 | 6 | |a Mouvements de capitaux |x Modèles économétriques. | |
650 | 7 | |a Capital movements |x Econometric models. |2 fast |0 (OCoLC)fst00846376 | |
650 | 7 | |a Saving and investment |x Econometric models. |2 fast |0 (OCoLC)fst01105962 | |
650 | 0 | 7 | |a CAPITAL MOVEMENTS. |2 unbist |
650 | 0 | 7 | |a FOREIGN INVESTMENTS. |2 unbist |
650 | 0 | 7 | |a INVESTMENT ANALYSIS. |2 unbist |
650 | 0 | 7 | |a SAVINGS. |2 unbist |
650 | 0 | 7 | |a SAVINGS MOBILIZATION. |2 unbist |
710 | 2 | |a International Monetary Fund. |b Research Department. |0 http://id.loc.gov/authorities/names/n77001219 | |
776 | 0 | 8 | |i Print version: |a Jansen, W.J. |t Feldstein-Horioka test of international capital mobility. |d [Washington, D.C.] : International Monetary Fund, Research Dept., ©1996 |w (OCoLC)35590047 |
830 | 0 | |a IMF working paper ; |v WP/96/100. |0 http://id.loc.gov/authorities/names/no89010263 | |
856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/1996/100/001.1996.issue-100-en.xml |y INTERNATIONAL MONETARY FUND |
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928 | |t Library of Congress classification |a HG3810.I45 no.96/100 |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/1996/100/001.1996.issue-100-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 13653501 |