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DC Field | Value | Language |
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dc.contributor.author | Costantini, M | - |
dc.contributor.author | Gutierrez, L | - |
dc.date.accessioned | 2013-11-26T15:27:49Z | - |
dc.date.available | 2013-11-26T15:27:49Z | - |
dc.date.issued | 2013 | - |
dc.identifier.citation | Economics Letters, 120(3), 513-515, 2013 | en_US |
dc.identifier.issn | 0165-1765 | - |
dc.identifier.uri | http://www.sciencedirect.com/science/article/pii/S0165176513002905 | en |
dc.identifier.uri | http://bura.brunel.ac.uk/handle/2438/7719 | - |
dc.description | © 2013 Elsevier B.V. All rights reserved | en_US |
dc.description.abstract | This paper focuses on the effects of global factors on the saving–investment relationship. We prove that, if investments and savings are affected by idiosyncratic and global components, they must be cointegrated to obtain reliable estimates of the saving-retention coefficient. When global shocks are taken into account throughcommonfactors,wefind that the estimated saving-retention coefficient is close to zero for a panel of 21 OECD countries | en_US |
dc.language | English | - |
dc.language.iso | en | en_US |
dc.publisher | Elsevier | en_US |
dc.subject | Saving | en_US |
dc.subject | Investment | en_US |
dc.subject | Capital mobility | en_US |
dc.subject | Panel cointegration | en_US |
dc.title | Capital mobility and global factor shocks | en_US |
dc.type | Article | en_US |
dc.identifier.doi | http://dx.doi.org/10.1016/j.econlet.2013.06.008 | - |
pubs.organisational-data | /Brunel | - |
pubs.organisational-data | /Brunel/Brunel Active Staff | - |
pubs.organisational-data | /Brunel/Brunel Active Staff/School of Social Sciences | - |
pubs.organisational-data | /Brunel/Brunel Active Staff/School of Social Sciences/Economics and Finance | - |
Appears in Collections: | Economics and Finance Publications Dept of Economics and Finance Research Papers |
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Fulltext.pdf | 348.24 kB | Adobe PDF | View/Open |
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