Human Capital and the Feldstein-Horioka Puzzle
Copyright policy )Human Capital and the Feldstein-Horioka Puzzle
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.
- Athens University of Economics and Business Greece
- Leibniz Association Germany
- Ifo Institute for Economic Research Germany
- Center for Economic Studies Germany
Feldstein-Horioka-Paradoxon, ddc:330, Welt, human capital, current account, investment-saving correlation, capital mobility, Q4, F2, E2, Humankapital, I2, Internationale Kapitalmobilität, Schätzung, jel: jel:F20, jel: jel:E20, jel: jel:I20, jel: jel:Q40
Feldstein-Horioka-Paradoxon, ddc:330, Welt, human capital, current account, investment-saving correlation, capital mobility, Q4, F2, E2, Humankapital, I2, Internationale Kapitalmobilität, Schätzung, jel: jel:F20, jel: jel:E20, jel: jel:I20, jel: jel:Q40
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