The mother of all puzzles would not go away

Tapen Sinha; Dipendra Sinha

doi:10.1016/j.econlet.2003.06.002

The mother of all puzzles would not go away

Tapen Sinha^*, Dipendra Sinha

^*Corresponding author for this work

Department of Economics

Research output: Contribution to journal › Article › peer-review

52 Citations (Scopus)

Abstract

This paper studies the short-run and long-run relationships between saving and investment rates for 123 countries using an error correction framework. The conventional wisdom suggests that capital should be more mobile for the countries with high per capita income. Our estimates suggest that capital is mobile for 16 countries most with a low per capita income.

Original language	English
Pages (from-to)	259-267
Number of pages	9
Journal	Economics Letters
Volume	82
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2003.06.002
Publication status	Published - Feb 2004

Keywords

Cointegration
Feldstein-Horioka puzzle
Long-run relationship
Saving and investment

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10.1016/j.econlet.2003.06.002

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abstract = "This paper studies the short-run and long-run relationships between saving and investment rates for 123 countries using an error correction framework. The conventional wisdom suggests that capital should be more mobile for the countries with high per capita income. Our estimates suggest that capital is mobile for 16 countries most with a low per capita income.",

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The mother of all puzzles would not go away

Abstract

Keywords

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