International Capital Mobility in the Long Run and the Short Run: Can we still learn from saving-investment data?

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dc.contributor.author HOFFMANN, Mathias
dc.date.accessioned 2012-09-13T12:56:12Z
dc.date.available 2012-09-13T12:56:12Z
dc.date.issued 2004
dc.identifier.citation Journal of International Money and Finance, 2004, 23, 113-131 en
dc.identifier.uri http://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/1814/4955 en
dc.description.abstract The 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.iso en en
dc.relation.ispartof Journal of International Money and Finance en
dc.title International Capital Mobility in the Long Run and the Short Run: Can we still learn from saving-investment data? en
dc.type Article en
dc.identifier.doi 10.1016/j.jimonfin.2003.08.006
dc.neeo.contributor HOFFMANN|Mathias|aut|
dc.identifier.volume 23 en


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