Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/57740 
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dc.contributor.authorHoffmann, Mathiasen
dc.date.accessioned2012-04-25-
dc.date.accessioned2012-05-02T15:45:18Z-
dc.date.available2012-05-02T15:45:18Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/57740-
dc.description.abstractOver the last two decades, countries have exhibited net foreign assets and liabilities. This paper develops an empirical model to examine the causes for the stock of the net foreign asset positions in 51 developing and industrialised countries. The reasons for significantly high or low net foreign asset positions can be derived from long-run trend differences in saving and investment. Using cointegration techniques, it is shown that GDP per capita, public debt and demographic factors influence long-run saving and investment and, hence, net external wealth of developing and industrialised countries.en
dc.language.isoengen
dc.publisher|aUniversity of Cologne, Centre for Financial Research (CFR) |cCologneen
dc.relation.ispartofseries|aCFR Working Paper |x05-09en
dc.subject.jelC23en
dc.subject.jelF41en
dc.subject.jelG15en
dc.subject.ddc330en
dc.subject.keywordSavingsen
dc.subject.keywordInvestment and Net Foreign Assetsen
dc.subject.keywordCointegrated Panel Dataen
dc.titleSaving, investment and the net foreign asset position-
dc.typeWorking Paperen
dc.identifier.ppn699918537en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cfrwps:0509en

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