کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5055260 | 1371487 | 2010 | 5 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Systems GMM estimates of the Feldstein-Horioka puzzle for the OECD countries and tests for structural breaks
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Systems GMM estimates of the Feldstein-Horioka puzzle for the OECD countries and tests for structural breaks Systems GMM estimates of the Feldstein-Horioka puzzle for the OECD countries and tests for structural breaks](/preview/png/5055260.png)
چکیده انگلیسی
A systems GMM estimation method is used to estimate the Feldstein-Horioka equation from 1960 to 2007 with a panel of 13 OECD countries. It is found that the Feldstein-Horioka puzzle exists in a weaker form with a much reduced saving retention coefficient. The Bretton Woods agreement in particular seems to have weakened the Feldstein-Horioka puzzle by significantly improving international capital mobility. In comparison the Maastricht agreement seems to have improved capital mobility only by a small magnitude. The Blundell and Bond systems GMM method and structural break tests of Mancini-Griffoli and Pauwels are used in this paper.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 27, Issue 5, September 2010, Pages 1269-1273
Journal: Economic Modelling - Volume 27, Issue 5, September 2010, Pages 1269-1273
نویسندگان
B. Bhaskara Rao, Artur Tamazian, Saten Kumar,