The Feldstein–Horioka hypothesis versus the long-run solvency constraint model: A critical assessment
This paper proposes an extended version of the long-run solvency constraint model developed by Coakley et al. [Coakley, J., Kulasi, F., Smith, R., 1996. Current Account Solvency and the Feldstein–Horioka Puzzle, Economic Journal 106, 620–627.] that provides a theoretical, and empirically testable, d...
Gespeichert in:
| Veröffentlicht in: | Economics letters 2008, Vol.98 (1), p.66-70 |
|---|---|
| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 70 |
|---|---|
| container_issue | 1 |
| container_start_page | 66 |
| container_title | Economics letters |
| container_volume | 98 |
| creator | Nell, Kevin S. Santos, Luis Delfim |
| description | This paper proposes an extended version of the long-run solvency constraint model developed by Coakley et al. [Coakley, J., Kulasi, F., Smith, R., 1996. Current Account Solvency and the Feldstein–Horioka Puzzle, Economic Journal 106, 620–627.] that provides a theoretical, and empirically testable, distinction from the Feldstein–Horioka hypothesis. The empirical application shows that the Feldstein–Horioka approach presents a useful, but incomplete, measure of capital mobility in 6 OECD countries. |
| doi_str_mv | 10.1016/j.econlet.2007.04.007 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_miscellaneous_36782192</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><els_id>S0165176507001231</els_id><sourcerecordid>36782192</sourcerecordid><originalsourceid>FETCH-LOGICAL-c467t-fcaf0dfc685f199168cda331d68cb3c529fa3ae8ebafe7e4b7a5724f72b5e8093</originalsourceid><addsrcrecordid>eNqFUMFq3DAUNKGFbNN-QkCn3uxKlm3ZvZQQmm4hkEt6Flr5KauNbLl62oW95R_yh_2SvmVDrxWM5glm5okpimvBK8FF92VXgY1zgFzVnKuKNxXRRbESvZKlkqp5V6xI15ZCde1l8QFxx7moB9WuiqfHLbA7CCNm8POfl9d1TD4-G7Y9LjFvAT2yAyTcI6MXC3F-KtN-ZhjDAWZ7ZLQZczJ-zmyKI4Sv7IbZ5LO3JjCDCIgTzPlj8d6ZgPDpja-KX3ffH2_X5f3Dj5-3N_elbTqVS2eN46OzXd86MQyi6-1opBQjDRtp23pwRhroYWMcKGg2yrSqbpyqNy30fJBXxedz7pLi7z1g1pNHCyGYGeIetexUX4uhJmF7FtoUERM4vSQ_mXTUgutTrXqn32rVp1o1bzQR-dZnX4IF7D8T0LHxJD5oaYaeriOBnKfREwRhIXSdVlxv80RR385RQIUcPCSN1lOpMPoENusx-v985i_FqqC6</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>36782192</pqid></control><display><type>article</type><title>The Feldstein–Horioka hypothesis versus the long-run solvency constraint model: A critical assessment</title><source>RePEc</source><source>Access via ScienceDirect (Elsevier)</source><creator>Nell, Kevin S. ; Santos, Luis Delfim</creator><creatorcontrib>Nell, Kevin S. ; Santos, Luis Delfim</creatorcontrib><description>This paper proposes an extended version of the long-run solvency constraint model developed by Coakley et al. [Coakley, J., Kulasi, F., Smith, R., 1996. Current Account Solvency and the Feldstein–Horioka Puzzle, Economic Journal 106, 620–627.] that provides a theoretical, and empirically testable, distinction from the Feldstein–Horioka hypothesis. The empirical application shows that the Feldstein–Horioka approach presents a useful, but incomplete, measure of capital mobility in 6 OECD countries.</description><identifier>ISSN: 0165-1765</identifier><identifier>EISSN: 1873-7374</identifier><identifier>DOI: 10.1016/j.econlet.2007.04.007</identifier><language>eng</language><publisher>Elsevier B.V</publisher><subject>Capital mobility ; Capital theory ; Cointegration ; Feldstein–Horioka hypothesis ; Investment ; Long-run solvency constraint model ; Macroeconomics ; Savings ; Saving–investment causality</subject><ispartof>Economics letters, 2008, Vol.98 (1), p.66-70</ispartof><rights>2007 Elsevier B.V.</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c467t-fcaf0dfc685f199168cda331d68cb3c529fa3ae8ebafe7e4b7a5724f72b5e8093</citedby><cites>FETCH-LOGICAL-c467t-fcaf0dfc685f199168cda331d68cb3c529fa3ae8ebafe7e4b7a5724f72b5e8093</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://dx.doi.org/10.1016/j.econlet.2007.04.007$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>315,781,785,3551,4009,4025,27927,27928,27929,45999</link.rule.ids><backlink>$$Uhttp://econpapers.repec.org/article/eeeecolet/v_3a98_3ay_3a2008_3ai_3a1_3ap_3a66-70.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>Nell, Kevin S.</creatorcontrib><creatorcontrib>Santos, Luis Delfim</creatorcontrib><title>The Feldstein–Horioka hypothesis versus the long-run solvency constraint model: A critical assessment</title><title>Economics letters</title><description>This paper proposes an extended version of the long-run solvency constraint model developed by Coakley et al. [Coakley, J., Kulasi, F., Smith, R., 1996. Current Account Solvency and the Feldstein–Horioka Puzzle, Economic Journal 106, 620–627.] that provides a theoretical, and empirically testable, distinction from the Feldstein–Horioka hypothesis. The empirical application shows that the Feldstein–Horioka approach presents a useful, but incomplete, measure of capital mobility in 6 OECD countries.</description><subject>Capital mobility</subject><subject>Capital theory</subject><subject>Cointegration</subject><subject>Feldstein–Horioka hypothesis</subject><subject>Investment</subject><subject>Long-run solvency constraint model</subject><subject>Macroeconomics</subject><subject>Savings</subject><subject>Saving–investment causality</subject><issn>0165-1765</issn><issn>1873-7374</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2008</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><recordid>eNqFUMFq3DAUNKGFbNN-QkCn3uxKlm3ZvZQQmm4hkEt6Flr5KauNbLl62oW95R_yh_2SvmVDrxWM5glm5okpimvBK8FF92VXgY1zgFzVnKuKNxXRRbESvZKlkqp5V6xI15ZCde1l8QFxx7moB9WuiqfHLbA7CCNm8POfl9d1TD4-G7Y9LjFvAT2yAyTcI6MXC3F-KtN-ZhjDAWZ7ZLQZczJ-zmyKI4Sv7IbZ5LO3JjCDCIgTzPlj8d6ZgPDpja-KX3ffH2_X5f3Dj5-3N_elbTqVS2eN46OzXd86MQyi6-1opBQjDRtp23pwRhroYWMcKGg2yrSqbpyqNy30fJBXxedz7pLi7z1g1pNHCyGYGeIetexUX4uhJmF7FtoUERM4vSQ_mXTUgutTrXqn32rVp1o1bzQR-dZnX4IF7D8T0LHxJD5oaYaeriOBnKfREwRhIXSdVlxv80RR385RQIUcPCSN1lOpMPoENusx-v985i_FqqC6</recordid><startdate>2008</startdate><enddate>2008</enddate><creator>Nell, Kevin S.</creator><creator>Santos, Luis Delfim</creator><general>Elsevier B.V</general><general>Elsevier</general><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>2008</creationdate><title>The Feldstein–Horioka hypothesis versus the long-run solvency constraint model: A critical assessment</title><author>Nell, Kevin S. ; Santos, Luis Delfim</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c467t-fcaf0dfc685f199168cda331d68cb3c529fa3ae8ebafe7e4b7a5724f72b5e8093</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2008</creationdate><topic>Capital mobility</topic><topic>Capital theory</topic><topic>Cointegration</topic><topic>Feldstein–Horioka hypothesis</topic><topic>Investment</topic><topic>Long-run solvency constraint model</topic><topic>Macroeconomics</topic><topic>Savings</topic><topic>Saving–investment causality</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Nell, Kevin S.</creatorcontrib><creatorcontrib>Santos, Luis Delfim</creatorcontrib><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Economics letters</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Nell, Kevin S.</au><au>Santos, Luis Delfim</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The Feldstein–Horioka hypothesis versus the long-run solvency constraint model: A critical assessment</atitle><jtitle>Economics letters</jtitle><date>2008</date><risdate>2008</risdate><volume>98</volume><issue>1</issue><spage>66</spage><epage>70</epage><pages>66-70</pages><issn>0165-1765</issn><eissn>1873-7374</eissn><abstract>This paper proposes an extended version of the long-run solvency constraint model developed by Coakley et al. [Coakley, J., Kulasi, F., Smith, R., 1996. Current Account Solvency and the Feldstein–Horioka Puzzle, Economic Journal 106, 620–627.] that provides a theoretical, and empirically testable, distinction from the Feldstein–Horioka hypothesis. The empirical application shows that the Feldstein–Horioka approach presents a useful, but incomplete, measure of capital mobility in 6 OECD countries.</abstract><pub>Elsevier B.V</pub><doi>10.1016/j.econlet.2007.04.007</doi><tpages>5</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0165-1765 |
| ispartof | Economics letters, 2008, Vol.98 (1), p.66-70 |
| issn | 0165-1765 1873-7374 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_36782192 |
| source | RePEc; Access via ScienceDirect (Elsevier) |
| subjects | Capital mobility Capital theory Cointegration Feldstein–Horioka hypothesis Investment Long-run solvency constraint model Macroeconomics Savings Saving–investment causality |
| title | The Feldstein–Horioka hypothesis versus the long-run solvency constraint model: A critical assessment |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-17T12%3A28%3A54IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=The%20Feldstein%E2%80%93Horioka%20hypothesis%20versus%20the%20long-run%20solvency%20constraint%20model:%20A%20critical%20assessment&rft.jtitle=Economics%20letters&rft.au=Nell,%20Kevin%20S.&rft.date=2008&rft.volume=98&rft.issue=1&rft.spage=66&rft.epage=70&rft.pages=66-70&rft.issn=0165-1765&rft.eissn=1873-7374&rft_id=info:doi/10.1016/j.econlet.2007.04.007&rft_dat=%3Cproquest_cross%3E36782192%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=36782192&rft_id=info:pmid/&rft_els_id=S0165176507001231&rfr_iscdi=true |