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dc.contributor.authorHOFFMANN, Mathias
dc.date.accessioned2012-09-13T12:56:12Z
dc.date.available2012-09-13T12:56:12Z
dc.date.issued2004
dc.identifier.citationJournal of International Money and Finance, 2004, 23, 113-131en
dc.identifier.urihttp://hdl.handle.net/1814/23754
dc.description(The article is a revised version of a chapter of the author's EUI PhD thesis, 1999.) http://hdl.handle.net/1814/4955en
dc.description.abstractThe idea to learn about international capital mobility from saving and investment data remains appealing. Our approach is based on VAR methods and overcomes some of the problems associated with saving–investment regressions when the data are non-stationary. We propose a new measure of long-run capital mobility that can be easily calculated as a by-product of the estimation procedure of a cointegrated VAR. In an application to historical US and British data, we find long-run capital mobility to have been remarkably stable over the century whereas variations in the mobility of capital primarily seem to have affected short-run capital flows.en
dc.language.isoenen
dc.relation.ispartofJournal of International Money and Financeen
dc.titleInternational Capital Mobility in the Long Run and the Short Run: Can we still learn from saving-investment data?en
dc.typeArticleen
dc.identifier.doi10.1016/j.jimonfin.2003.08.006
dc.neeo.contributorHOFFMANN|Mathias|aut|
dc.identifier.volume23en


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