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dc.contributor.authorHerwartz, Helmuten
dc.contributor.authorXu, Fangen
dc.date.accessioned2009-01-29T14:13:25Z-
dc.date.available2009-01-29T14:13:25Z-
dc.date.issued2006-
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
dc.language.isoengen
dc.publisher|aKiel University, Department of Economics |cKielen
dc.relation.ispartofseries|aEconomics Working Paper |x2006-06en
dc.subject.jelC33en
dc.subject.jelE22en
dc.subject.jelE21en
dc.subject.ddc330en
dc.subject.keywordSaving-investment relationen
dc.subject.keywordFeldstein-Horioka puzzleen
dc.subject.keywordmodel comparisonen
dc.subject.stwPanelen
dc.subject.stwÖkonometrisches Modellen
dc.subject.stwVergleichen
dc.subject.stwSparenen
dc.subject.stwInvestitionen
dc.subject.stwInternationale Kapitalmobilitäten
dc.subject.stwSchätzungen
dc.subject.stwOECD-Staatenen
dc.subject.stwFeldstein-Horioka Puzzleen
dc.titlePanel data model comparison for empirical saving-investment relations-
dc.typeWorking Paperen
dc.identifier.ppn51374052Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cauewp:4350en

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