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Another piece in the Feldstein-Horioka puzzle

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Another piece in the Feldstein-Horioka puzzle. / Abbott, Andrew James; De Vita, Glauco.

In: Scottish Journal of Political Economy, Vol. 50, No. 1, 01.02.2003, p. 69-89.

Research output: Contribution to journalJournal article

Harvard

Abbott, AJ & De Vita, G 2003, 'Another piece in the Feldstein-Horioka puzzle', Scottish Journal of Political Economy, vol. 50, no. 1, pp. 69-89. https://doi.org/10.1111/1467-9485.00255

APA

Abbott, A. J., & De Vita, G. (2003). Another piece in the Feldstein-Horioka puzzle. Scottish Journal of Political Economy, 50(1), 69-89. https://doi.org/10.1111/1467-9485.00255

Vancouver

Abbott AJ, De Vita G. Another piece in the Feldstein-Horioka puzzle. Scottish Journal of Political Economy. 2003 Feb 1;50(1):69-89. https://doi.org/10.1111/1467-9485.00255

Author

Abbott, Andrew James ; De Vita, Glauco. / Another piece in the Feldstein-Horioka puzzle. In: Scottish Journal of Political Economy. 2003 ; Vol. 50, No. 1. pp. 69-89.

Bibtex

@article{8bbe0a5cb256463d989a62422301fa4f,
title = "Another piece in the Feldstein-Horioka puzzle",
abstract = "Using UK quarterly data, we re‐examine the nature and degree of the relationshipbetween savings and investment by means of a newly developed bounds testingprocedure to cointegration within an autoregressive distributed lag (ARDL)framework. Our finding of cointegration in all samples considered is consistent withthe view that the long‐run relationship between savings and investment is notexclusively dependent upon the level of financial integration. The evidence alsoindicates that this relationship weakens after the abolition of UK controls oncapital flows in 1979, suggesting that the Feldstein‐Horioka framework providesat least a partial measure of the degree of capital mobility.",
author = "Abbott, {Andrew James} and {De Vita}, Glauco",
year = "2003",
month = feb,
day = "1",
doi = "10.1111/1467-9485.00255",
language = "English",
volume = "50",
pages = "69--89",
journal = "Scottish Journal of Political Economy",
issn = "0036-9292",
publisher = "Wiley-Blackwell",
number = "1",

}

RIS

TY - JOUR

T1 - Another piece in the Feldstein-Horioka puzzle

AU - Abbott, Andrew James

AU - De Vita, Glauco

PY - 2003/2/1

Y1 - 2003/2/1

N2 - Using UK quarterly data, we re‐examine the nature and degree of the relationshipbetween savings and investment by means of a newly developed bounds testingprocedure to cointegration within an autoregressive distributed lag (ARDL)framework. Our finding of cointegration in all samples considered is consistent withthe view that the long‐run relationship between savings and investment is notexclusively dependent upon the level of financial integration. The evidence alsoindicates that this relationship weakens after the abolition of UK controls oncapital flows in 1979, suggesting that the Feldstein‐Horioka framework providesat least a partial measure of the degree of capital mobility.

AB - Using UK quarterly data, we re‐examine the nature and degree of the relationshipbetween savings and investment by means of a newly developed bounds testingprocedure to cointegration within an autoregressive distributed lag (ARDL)framework. Our finding of cointegration in all samples considered is consistent withthe view that the long‐run relationship between savings and investment is notexclusively dependent upon the level of financial integration. The evidence alsoindicates that this relationship weakens after the abolition of UK controls oncapital flows in 1979, suggesting that the Feldstein‐Horioka framework providesat least a partial measure of the degree of capital mobility.

U2 - 10.1111/1467-9485.00255

DO - 10.1111/1467-9485.00255

M3 - Journal article

VL - 50

SP - 69

EP - 89

JO - Scottish Journal of Political Economy

JF - Scottish Journal of Political Economy

SN - 0036-9292

IS - 1

ER -