The study examines the degree of current account deficit (CAD) sustainability and capital mobility for a panel of 97 countries over the period 1980-2020. To this end, the study adopts a novel interpretation of the Feldstein-Horioka coefficient in the context of CAD sustainability and examines...

We extend existing data sets for domestic and foreign private and public R&D stocks as well as labour-augmenting technical change data based on CES production functions. We cover slightly more periods and many more countries, now 44 up from 17. We consider panel unit root issues for a large...