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dc.contributor.authorHerwartz, Helmuten_US
dc.contributor.authorXu, Fangen_US
dc.date.accessioned2009-01-29T14:13:25Z-
dc.date.available2009-01-29T14:13:25Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/22011-
dc.description.abstractThe low capital mobility among OECD countries, signalled by a high saving-investment (SI) relation and known as the Feldstein-Horioka puzzle, has triggered a lively discussion in the empirical literature. In this paper, we compare between, pooled, time and country dependent specifications of the SI relation via cross-validation criteria. It is found that the country dependent model is best performing among the four. Secondly, error correction models are uniformly outperformed by static panel models. Thirdly, via scatter diagrams of cross section specific estimates we observe a different time evolution of SI relations for developed and developing economies.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesEconomics working paper / Christian-Albrechts-Universität Kiel, Department of Economics 2006,06en_US
dc.subject.jelC33en_US
dc.subject.jelE22en_US
dc.subject.jelE21en_US
dc.subject.ddc330en_US
dc.subject.keywordSaving-investment relationen_US
dc.subject.keywordFeldstein-Horioka puzzleen_US
dc.subject.keywordmodel comparisonen_US
dc.subject.stwPanelen_US
dc.subject.stwÖkonometrisches Modellen_US
dc.subject.stwVergleichen_US
dc.subject.stwSparenen_US
dc.subject.stwInvestitionen_US
dc.subject.stwInternationale Kapitalmobilitäten_US
dc.subject.stwSchätzungen_US
dc.subject.stwOECD-Staatenen_US
dc.subject.stwFeldstein-Horioka Puzzleen_US
dc.titlePanel data model comparison for empirical saving-investment relationsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn51374052Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:cauewp:4350-
Appears in Collections:Economics Working Papers, Department of Economics, CAU Kiel

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