Saving and Investment in Euroland,the EU and the enlarged EU.

Rossini, Gianpaolo ; Zanghieri, Paolo (2002) Saving and Investment in Euroland,the EU and the enlarged EU. Bologna: Dipartimento di Scienze economiche DSE, p. 19. DOI 10.6092/unibo/amsacta/4860. In: Quaderni - Working Paper DSE (438). ISSN 2282-6483.
Full text disponibile come:
[thumbnail of 438.pdf]
Anteprima
Documento di testo(pdf)
Licenza: Creative Commons Attribution Non-commercial 3.0 (CC BY-NC 3.0)

Download (85kB) | Anteprima

Abstract

The Feldstein-Horioka puzzle has been recently included among the six major puzzles of international economics. It is a paradox that belongs to the large group of home biases that have become stylized facts. We investigate the F-H puzzle according to di¤erent definitions of Europe and by introducing a more suitable investment variable that results after netting out FDI. We find that the F-H coeficient decreases in all cases in whcih we adopt the correct investment definition. Over time we see a decrease of the F-H coeficient during the 1980’s and an increase over the 1990’s as a proof that the Maastricht Treaty discipline has made current account targeting biting. This does not happen for opting out and Eastern Europe countries.

Abstract
Tipologia del documento
Monografia (Working paper)
Autori
AutoreAffiliazioneORCID
Rossini, Gianpaolo
Zanghieri, Paolo
Parole chiave
Saving, Investment, Puzzle, Feldstein, Horioka,.FDI, Europe.
Settori scientifico-disciplinari
ISSN
2282-6483
DOI
Data di deposito
15 Mar 2016 09:39
Ultima modifica
15 Mar 2016 09:39
URI

Altri metadati

Statistica sui download

Statistica sui download

Gestione del documento: Visualizza il documento

^