dc.contributor.author | Gur, Timur Han | |
dc.contributor.author | Erden, Lutfi| | |
dc.contributor.author | Özkan, Ibrahim | |
dc.date.accessioned | 2020-01-17T11:15:52Z | |
dc.date.available | 2020-01-17T11:15:52Z | |
dc.date.issued | 2011 | |
dc.identifier.issn | 1452-595X | |
dc.identifier.uri | https://doi.org/10.2298/PAN1103343G | |
dc.identifier.uri | info:eu-repo/semantics/openAccess | |
dc.identifier.uri | http://hdl.handle.net/11655/21796 | |
dc.description.abstract | This study aims to shed light on the Feldstein-Horioka (F-H) puzzle, making use of the potential explanations put forward in the related literature. To this end, the study takes a distinct empirical route, combining a cointegration technique and regression analysis. In the first step, we obtain three definitions for the dependent variable that represent the degree of the interaction between domestic saving and investment (S-I), employing a cointegration analysis for 86 countries in the sample. In the second step, each definition of the dependent variable is regressed on potential explanations for the co-movement of the S-I such as openness, country size, productivity shocks, and real interest rate differentials. After examining a number of potential variables for their explanatory power on this puzzle, however, none of the posited variables are found to be statistically significant determinants of the S-I interaction. The results indicate that the size of the economy, productivity shocks or interest rate differentials have almost no role in explaining the S-I behavior. Further, the findings show that openness has no influence on the S-I interaction, suggesting that it is not plausible to view the S-I correlation as an indicator of international capital mobility as F-H did. | tr_TR |
dc.language.iso | en | tr_TR |
dc.publisher | Savez Ekonomista Vojvodine | tr_TR |
dc.relation.isversionof | 10.2298/PAN1103343G | tr_TR |
dc.rights | info:eu-repo/semantics/openAccess | tr_TR |
dc.subject | Business & Economics | tr_TR |
dc.subject.lcsh | Ekonomi | tr_TR |
dc.title | An Empirical Investigation on the Determinants of the Saving-Investment Interaction | tr_TR |
dc.type | info:eu-repo/semantics/article | tr_TR |
dc.type | info:eu-repo/semantics/publishedVersion | |
dc.relation.journal | Panoeconomicus | tr_TR |
dc.contributor.department | Ekonomik ve Sosyal Demografi | tr_TR |
dc.identifier.volume | 58 | tr_TR |
dc.identifier.issue | 3 | tr_TR |
dc.identifier.startpage | 343 | tr_TR |
dc.identifier.endpage | 353 | tr_TR |
dc.description.index | WoS | tr_TR |
dc.description.index | Scopus | tr_TR |
dc.funding | Yok | tr_TR |