Why the Feldstein-Horioka “Puzzle” Remains Unsolved
This paper argues that the 40-year-old Feldstein-Horioka “puzzle” (i.e., in a regression of the domestic investment rate on the domestic saving rate, the estimated coefficient is significantly larger than expected in a world with high capital mobility) should have never been labeled as such. First,...
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| Main Authors: | , , |
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| Format: | text |
| Published: |
Animo Repository
2022
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/res_aki/3 https://animorepository.dlsu.edu.ph/context/res_aki/article/1002/viewcontent/dlsu_aki_working_paper_series_2022_06_084.pdf |
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| Institution: | De La Salle University |