-account credits, and nonmonetary gold exports, which are current-account credits. The paper also adjusts historical investment data to … account for changes in inventories. The revised data are used to construct estimates of saving and investment over the period … from 1850 to 1945. Our methodology for removing monetary gold flows from the current account leads naturally to a gold-standard …

-account credits, and nonmonetary gold exports, which are current-account credits. The paper also adjusts historical investment data to … account for changes in inventories. The revised data are used to construct estimates of saving and investment over the period … from 1850 to 1945. Our methodology for removing monetary gold flows from the current account leads naturally to a gold-standard …

relationship between total regional saving and investment is significantly negative in Canada and the United Kingdom, in contrast … and private investment is significantly positive in the U.K. and Canada suggesting capital immobility for firms but a test …The relationship between regional saving and investment is examined to measure the extent of capital mobility. The …