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Title: |
National Savings and Domestic Investment in the Long Term: Some Time
Series Evidence from the OECD |
| Author: |
Bodman, Philip
M. |
| Author
Affiliation: |
U Queensland |
| Source: |
International Economic Journal, Summer 1995, v. 9, no. 2, pp. 37-60 |
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Publication Date: |
Summer 1995 |
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Abstract: |
This paper provides further evidence on
the time series properties of national savings and domestic investment
series using cointegration techniques. The findings in the paper for a
sample of major OECD countries are in sharp contrast to most previous
empirical findings relating to the Feldstein-Horioka puzzle. They
provide preliminary evidence against what Dooley, Frankel and Mathieson
(1987) call a "robust empirical regularity" and in favor of the
assumption that international capital markets are highly integrated. |
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