We review the Feldstein-Horioka (1980) approach to the measurement of the degree of international capital mobility by the size of the saving-investment correlation; we conclude that it raises many problems. Instead, we employ Granger causality tests to measure capital mobility using quarterly...

We employ a convex model of growth, nesting both a neoclassical and endogenous growth regimes, as a framework for studying the contributions of capital accumulation to the widely documented divergence of international growth experiences. In particular, we study the importance of effective...