Article ID Journal Published Year Pages File Type
9549320 Economics Letters 2005 6 Pages PDF
Abstract
The purpose of this paper is to show that another puzzle (a smaller saving-investment regression coefficient for developing countries than for developed countries) disappears when heterogeneity and cross sectional dependence are explicitly taken into account in a panel structure robust to I(0) and also I(1) innovations.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Heterogeneity, cross section dependence and capital mobility in developing countries
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