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International capital mobility: a re-visit of Feldstein-Horioka puzzle

This paper investigates the status of international capital mobility by reexamining the Felstein-Horioka (1980) puzzle. Data on savings and investment of 51 high-income countries were analyzed using System-GMM of Arellano and Bovver (1995)/ Blundell and Bond (1998). The β of a saving-retention coeff...

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Main Authors: Hassan, Ibrahim Bakari, Mohamed, Azali
Format: Conference or Workshop Item
Language:English
Published: Faculty of Economics and Management, Universiti Putra Malaysia 2012
Online Access:http://psasir.upm.edu.my/id/eprint/51273/1/12-23.pdf
http://psasir.upm.edu.my/id/eprint/51273/
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spelling my.upm.eprints.512732017-04-03T07:44:35Z http://psasir.upm.edu.my/id/eprint/51273/ International capital mobility: a re-visit of Feldstein-Horioka puzzle Hassan, Ibrahim Bakari Mohamed, Azali This paper investigates the status of international capital mobility by reexamining the Felstein-Horioka (1980) puzzle. Data on savings and investment of 51 high-income countries were analyzed using System-GMM of Arellano and Bovver (1995)/ Blundell and Bond (1998). The β of a saving-retention coefficient of the System-GMM reads 0.17 signifying low correlation between the saving and the investment. Contrary to the Felstein-Horioka findings, the result suggests high capital mobility across high-income economies. The study further recommends acknowledging the increasing interrelations among countries in modeling international capital mobility. Faculty of Economics and Management, Universiti Putra Malaysia 2012 Conference or Workshop Item PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/51273/1/12-23.pdf Hassan, Ibrahim Bakari and Mohamed, Azali (2012) International capital mobility: a re-visit of Feldstein-Horioka puzzle. In: National Research & Innovation Conference for Graduate Students in Social Sciences (GS-NRIC 2012), 7-9 Dec. 2012, Mahkota Hotel, Melaka. (pp. 435-444).
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description This paper investigates the status of international capital mobility by reexamining the Felstein-Horioka (1980) puzzle. Data on savings and investment of 51 high-income countries were analyzed using System-GMM of Arellano and Bovver (1995)/ Blundell and Bond (1998). The β of a saving-retention coefficient of the System-GMM reads 0.17 signifying low correlation between the saving and the investment. Contrary to the Felstein-Horioka findings, the result suggests high capital mobility across high-income economies. The study further recommends acknowledging the increasing interrelations among countries in modeling international capital mobility.
format Conference or Workshop Item
author Hassan, Ibrahim Bakari
Mohamed, Azali
spellingShingle Hassan, Ibrahim Bakari
Mohamed, Azali
International capital mobility: a re-visit of Feldstein-Horioka puzzle
author_facet Hassan, Ibrahim Bakari
Mohamed, Azali
author_sort Hassan, Ibrahim Bakari
title International capital mobility: a re-visit of Feldstein-Horioka puzzle
title_short International capital mobility: a re-visit of Feldstein-Horioka puzzle
title_full International capital mobility: a re-visit of Feldstein-Horioka puzzle
title_fullStr International capital mobility: a re-visit of Feldstein-Horioka puzzle
title_full_unstemmed International capital mobility: a re-visit of Feldstein-Horioka puzzle
title_sort international capital mobility: a re-visit of feldstein-horioka puzzle
publisher Faculty of Economics and Management, Universiti Putra Malaysia
publishDate 2012
url http://psasir.upm.edu.my/id/eprint/51273/1/12-23.pdf
http://psasir.upm.edu.my/id/eprint/51273/
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score 13.211869

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