KATSIMI, MARGARITA; MOUTOS, THOMAS - In: Manchester School 77 (2009) 3, pp. 398-409
In this paper we re-examine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e. including human capital) of investment and saving. We find that the decline in the economic significance of the Feldstein-Horioka result, found in studies using more...