National saving-investment dynamics and international capital mobility
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National saving-investment dynamics and international capital mobility by Florian Pelgrin

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Published by Bank of Canada in [Ottawa] .
Written in English


  • Capital movements -- Econometric models.,
  • Saving and investment -- Econometric models.,
  • International finance -- Econometric models.

Book details:

Edition Notes

Other titlesNational saving investment dynamics and international capital mobility
Statementby Florian Pelgrin and Sebastian Schich.
SeriesBank of Canada working paper -- 2004-14, Working paper (Bank of Canada) -- 2004-14.
ContributionsSchich, Sebastian., Bank of Canada.
The Physical Object
Paginationv, 34 p. :
Number of Pages34
ID Numbers
Open LibraryOL22152868M

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to infer the degree of international capital mobility from the saving–investment dynamics. By using a panel of time-series and cross-section data and testing, simultaneously, the implications of the theoretical considerations on more than one country, increased power Cited by: The authors analyze the dynamics of national saving-investment relationships to determine the degree of international capital mobility. Following Coakley and Kulasi (), the authors interpret the close relationship between national saving and investment in the long run as reflecting a solvency constraint, rather than as evidence of limited Author: Florian Pelgrin and Sebastian Schich. International capital mobility: What do national saving–investment dynamics tell us? Article in Journal of International Money and Finance 27(3) April with 74 Reads. Feldstein and Horioka (FH) () identify a close cross-section association between period-average data on annual national saving and investment rates for a sample of 16 OECD economies from to and interpret it as evidence of low international capital by:

Our interpretation of the saving-investment evidence is that the hypothesis of a high degree of substitutability for claims on physical capital located in different countries is not supported by. country. Hence, the study of saving-investment relationship is closely related to the degree of capital mobility. An understanding of capital mobility is important since higher capital mobility may smooth out external shocks to an economy. Conversely, increased capital mobility may also make an economy more vulnerable to financial turbulence. approach to the current account placed international capital mobility and dynamics at center stage in open-economy macromodels. Section II is an 1The most elaborate exposition-cum-interpretation of the Mundell-Fleming framework is offered by Frenkel and Razin (). 2The postwar period is coterminous with the history of the International MonetaryFile Size: KB. Public Debt, Saving-Investment-Current Account Dynamics, and Capital Mobility in OECD countries, , S. AmirKhalkhali, A. Dar Abstract. Financial Development and Economic Growth in advanced and developing economies over the period –, Doumbia, D. Abstract.

this controversial finding, the saving-investment dynamics and international capital mobility becomes a subject of intense research over the last two decades. On any reasonable ground of present context, it can be well evident that the increased global market integration is synonymous with the argument of increased capital mobility. Get this from a library! National saving-investment dynamics and international capital mobility. [Florian Pelgrin; Bank of Canada.]. Saving-Investment Correlation and International Capital Mobility* M. A. Taslim Department of Economics University of New England Armidale NSW *An earlier version of this paper was presented at a session of the Annual Conference of Economic Society of Australia at the Gold Coast, September , The author wishes to thank the. saving-investment correlations and capital mobility in developing countries with special reference to india benu schneider july, indian council for research on international economic relations core-6a, 4th floor, india habitat centre, lodi road, new dlehi File Size: KB.