Payne, James E.; Kumazawa, Risa - 2006
This empirical study extends the work of Coakley et al. (Manchester School, Vol. 72 (2004), pp. 569-590) with respect to the Feldstein-Horioka puzzle for a sample of 47 developing countries. The study examines the savings-investment relationship through a comparison of the Feldstein-Horioka...