Saving, investment, and capital mobility: A comment on Leachman

Jakob de Haan; Clemens L.J. Siermann

doi:10.1007/BF01000740

Saving, investment, and capital mobility: A comment on Leachman

Jakob de Haan^*, Clemens L.J. Siermann

^*Corresponding author voor dit werk

Onderzoeksoutput: Letter › Academic › peer review

25 Citaten (Scopus)

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In this note we use a consistent long-run data set recently published by Maddison (1991) for 10 countries to examine the long-run relationship between saving and investment. In contrast to recent findings of Leachman (1991) we conclude that saving and investment are cointegrated in many countries. Our results suggest that aggregate demand and supply shocks explain much of the time series correlation between total saving and investment.

Originele taal-2	English
Pagina's (van-tot)	5-17
Aantal pagina's	13
Tijdschrift	Open Economies Review
Volume	5
Nummer van het tijdschrift	1
DOI's	https://doi.org/10.1007/BF01000740
Status	Published - mrt.-1994

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title = "Saving, investment, and capital mobility: A comment on Leachman",

abstract = "In this note we use a consistent long-run data set recently published by Maddison (1991) for 10 countries to examine the long-run relationship between saving and investment. In contrast to recent findings of Leachman (1991) we conclude that saving and investment are cointegrated in many countries. Our results suggest that aggregate demand and supply shocks explain much of the time series correlation between total saving and investment.",

keywords = "capital mobility, cointegration, Feldstein-Horioko test, saving-investment correlation",

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T1 - Saving, investment, and capital mobility

T2 - A comment on Leachman

AU - de Haan, Jakob

AU - Siermann, Clemens L.J.

PY - 1994/3

Y1 - 1994/3

N2 - In this note we use a consistent long-run data set recently published by Maddison (1991) for 10 countries to examine the long-run relationship between saving and investment. In contrast to recent findings of Leachman (1991) we conclude that saving and investment are cointegrated in many countries. Our results suggest that aggregate demand and supply shocks explain much of the time series correlation between total saving and investment.

AB - In this note we use a consistent long-run data set recently published by Maddison (1991) for 10 countries to examine the long-run relationship between saving and investment. In contrast to recent findings of Leachman (1991) we conclude that saving and investment are cointegrated in many countries. Our results suggest that aggregate demand and supply shocks explain much of the time series correlation between total saving and investment.

KW - capital mobility

KW - cointegration

KW - Feldstein-Horioko test

KW - saving-investment correlation

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U2 - 10.1007/BF01000740

DO - 10.1007/BF01000740

M3 - Letter

AN - SCOPUS:3943110248

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EP - 17

JO - Open Economies Review

JF - Open Economies Review

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Saving, investment, and capital mobility: A comment on Leachman

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