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Are saving and investment cointegrated?: An ARDL bounds testing approach

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Are saving and investment cointegrated? An ARDL bounds testing approach. / De Vita, Glauco; Abbott, Andrew James.
In: Economics Letters, Vol. 77, No. 2, 31.10.2002, p. 293-299.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

De Vita, G & Abbott, AJ 2002, 'Are saving and investment cointegrated? An ARDL bounds testing approach', Economics Letters, vol. 77, no. 2, pp. 293-299. https://doi.org/10.1016/S0165-1765(02)00139-8

APA

De Vita, G., & Abbott, A. J. (2002). Are saving and investment cointegrated? An ARDL bounds testing approach. Economics Letters, 77(2), 293-299. https://doi.org/10.1016/S0165-1765(02)00139-8

Vancouver

De Vita G, Abbott AJ. Are saving and investment cointegrated? An ARDL bounds testing approach. Economics Letters. 2002 Oct 31;77(2):293-299. Epub 2002 Jun 9. doi: 10.1016/S0165-1765(02)00139-8

Author

De Vita, Glauco ; Abbott, Andrew James. / Are saving and investment cointegrated? An ARDL bounds testing approach. In: Economics Letters. 2002 ; Vol. 77, No. 2. pp. 293-299.

Bibtex

@article{63ae08aaafbc4c689b53d4ad3b91866f,
title = "Are saving and investment cointegrated?: An ARDL bounds testing approach",
abstract = "Using the newly developed ARDL bounds testing procedure, we find that, as implied by the intertemporal budget constraint, U.S. saving and investment rates cointegrate in all sample periods considered. Our results also show that the saving–investment correlation weakens after 1971, suggesting that the Feldstein–Horioka approach provides an at least partially informative measure of capital mobility.",
keywords = "Capital mobility, Cointegration, Feldstein–Horioka puzzle, Saving–investment",
author = "{De Vita}, Glauco and Abbott, {Andrew James}",
year = "2002",
month = oct,
day = "31",
doi = "10.1016/S0165-1765(02)00139-8",
language = "English",
volume = "77",
pages = "293--299",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",
number = "2",

}

RIS

TY - JOUR

T1 - Are saving and investment cointegrated?

T2 - An ARDL bounds testing approach

AU - De Vita, Glauco

AU - Abbott, Andrew James

PY - 2002/10/31

Y1 - 2002/10/31

N2 - Using the newly developed ARDL bounds testing procedure, we find that, as implied by the intertemporal budget constraint, U.S. saving and investment rates cointegrate in all sample periods considered. Our results also show that the saving–investment correlation weakens after 1971, suggesting that the Feldstein–Horioka approach provides an at least partially informative measure of capital mobility.

AB - Using the newly developed ARDL bounds testing procedure, we find that, as implied by the intertemporal budget constraint, U.S. saving and investment rates cointegrate in all sample periods considered. Our results also show that the saving–investment correlation weakens after 1971, suggesting that the Feldstein–Horioka approach provides an at least partially informative measure of capital mobility.

KW - Capital mobility

KW - Cointegration

KW - Feldstein–Horioka puzzle

KW - Saving–investment

U2 - 10.1016/S0165-1765(02)00139-8

DO - 10.1016/S0165-1765(02)00139-8

M3 - Journal article

VL - 77

SP - 293

EP - 299

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

IS - 2

ER -