International capital mobility: Evidence from panel cointegration tests

International capital mobility: Evidence from panel cointegration tests

Panel cointegration techniques applied to pooled data for 50 developed and developing economies for the period 1970–2000 indicate that savings and investment are non-stationary and cointegrated, that there are marked differences in saving–retention ratios between different country groups, and that r...

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Veröffentlicht in:Economics letters 2008-05, Vol.99 (2), p.349-352
Hauptverfasser: Adedeji, Olumuyiwa, Thornton, John
Format: Artikel
Sprache:eng
Schlagworte:
Capital mobility
Cointegration
DOLS panel cointegration
Feldstein–Horioka approach
International trade
Panel data
Panel unit roots
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Zusammenfassung:Panel cointegration techniques applied to pooled data for 50 developed and developing economies for the period 1970–2000 indicate that savings and investment are non-stationary and cointegrated, that there are marked differences in saving–retention ratios between different country groups, and that retention ratios have fallen.
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2007.08.001