Feldstein-horioka puzzle
TīmeklisThe Feldstein{Horioka (henceforth FH) puzzle is one of the most robust empirical regularities in international nance. Feldstein and Horioka (1980) found that a cross-country regression of average domestic investment rates on average domestic savings rates results in a large, positive regression coe cient. Tīmeklis2024. gada 1. dec. · This paper carries out a time varying parameter model based analysis of the well-known Feldstein-Horioka puzzle on a wide dataset consisting of …
Feldstein-horioka puzzle
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Tīmeklis2004. gada 12. aug. · A country's intertemporal budget constraint implies current account stationarity or that its saving and investment rates should cointegrate. However, such behaviour may not pertain in finite sample spans where the current account could be subject to persistent shocks. Accordingly, this paper reconsiders the Feldstein … The Feldstein–Horioka puzzle is a widely discussed problem in macroeconomics and international finance, which was first documented by Martin Feldstein and Charles Horioka in a 1980 paper. Economic theory assumes that if investors can easily invest anywhere in the world, acting rationally they would invest in countries offering the highest return per unit of investment. This would drive up the price of the investment until the return across different countries is similar.
Tīmeklis2015. gada 27. jūl. · Field Value; 題名: 貪腐程度對中國地方政府財政透明度的影響─以追蹤平滑轉換迴歸模型分析 The Influence of Corruption on the Fiscal Transparency in China─An Application of Panel Smooth Transition Regression Model Tīmeklis2008. gada 1. marts · The Feldstein–Horioka puzzle: Toward a threshold specificationThe basis of our empirical approach is exactly the same as that used by …
Tīmeklis2014. gada 1. nov. · 1. Introduction. The high correlation between national saving and investment in advanced economies—the Feldstein–Horioka (FH) puzzle, first documented by Feldstein and Horioka (1980) —has been referred to as the “mother of all puzzles” (Obstfeld and Rogoff, 2000, p. 175).As Baxter and Crucini (1993) … TīmeklisThis puzzle, famously discussed in a paper by Robert Lucas in 1990, is often referred to as the "Lucas Paradox." ... Feldstein–Horioka puzzle; Dependency theory; References This page was last edited on 1 March 2024, at 20:24 (UTC). Text is available under the Creative ...
TīmeklisThis study aims at testing the validity of Feldstein and Horioka puzzle (F-H) in Jordan. For this purpose, the study will test the unit root for the variables and applies the …
Tīmeklis2016. gada 1. febr. · The vast literature regarding the Feldstein–Horioka puzzle can be classified into three categories. 1 The first category attempted to reconcile the high saving–investment correlation with high capital mobility by constructing new theoretical models and/or providing new explanations. derma-nu miracle skinTīmeklis1998. gada 1. apr. · This paper reviews how economists responded to the Feldstein-Horioka (FH) view that a high saving-investment association across OECD countries implied low capital mobility. This posed an uncomfortable puzzle since the conventional wisdom in most exchange rate and open-economy macroeconomic models was that … dermapure st jeromeTīmeklis2004. gada 1. febr. · However, the Feldstein-Horioka puzzle, first recognized by Feldstein and Horioka (1980), instead shows that domestic investment rates and … derma ruga jettingTīmeklisIn the current literature, Feldstein–Horioka puzzle is an invariance of savings– investment relationship to policy regime changes. The sustainability of current account deficits and the scope of the endogenous policy actions targeting the current account may not be invariant to the prevailing exchange rate regime (Özmen 2004, 2007). In … برنامه زباله دان تاریخTīmeklisIn other words, Feldstein Horioka puzzle is hold in Jordan. On the other hand, results reveal that (69%) of disequilibrium in investment produced by saving will be corrected annually. The study recommends that government and institutions of civil community should enhance and commitment to build a cultural move toward less consumption … dermatim beograd cenovnikTīmeklis2008. gada 1. marts · The Feldstein–Horioka puzzle: Toward a threshold specification. The basis of our empirical approach is exactly the same as that used by many authors since the seminal paper of Feldstein and Horioka (1980). It consists of evaluating the mobility of capital for a panel of N countries. dermatitis atopica znacenjeTīmeklisThe Feldstein–Horioka puzzle in the presence of structural breaks: evidence from China. ABSTRACT This study explores the empirical validity of the Feldstein … dermalogica piling iskustva