A Note on Human Capital and the Feldstein-Horioka Puzzle

Research, Preprint OPEN
Katsimi, Margarita; Moutos, Thomas;
  • Publisher: Kiel: Kiel Institute for the World Economy (IfW)
  • Subject: human capital | Q4 | capital mobility | I2 | human capital,current account,investment-saving correlation,capital mobility | F2 | E2 | current account | investment-saving correlation
    • jel: jel:Q4 | jel:I2 | jel:E2 | jel:F2
      ddc: ddc:330

In this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change.
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