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dc.contributor.authorKollias, C.en
dc.contributor.authorΜυλωνίδης, Νικόλαοςel
dc.contributor.authorPaleologou, S. M.en
dc.date.accessioned2015-11-24T17:05:27Z-
dc.date.available2015-11-24T17:05:27Z-
dc.identifier.issn1059-0560-
dc.identifier.urihttps://olympias.lib.uoi.gr/jspui/handle/123456789/11323-
dc.rightsDefault Licence-
dc.subjectfeldstein-horioka puzzleen
dc.subjectsaving-investmenten
dc.subjectcointegrationen
dc.subjectpanelen
dc.subjecteuropean unionen
dc.subjectinternational capital mobilityen
dc.subjectsaving-investment correlationsen
dc.subjectoecd countriesen
dc.subjectlong-runen
dc.subjectcointegrationen
dc.subjecteconomyen
dc.subjectflowsen
dc.titleThe Feldstein-Horioka puzzle across EU members: Evidence from the ARDL bounds approach and panel dataen
heal.typejournalArticle-
heal.type.enJournal articleen
heal.type.elΆρθρο Περιοδικούel
heal.identifier.primaryDOI 10.1016/j.iref.2006.09.002-
heal.identifier.secondary<Go to ISI>://000258954800003-
heal.languageen-
heal.accesscampus-
heal.recordProviderΠανεπιστήμιο Ιωαννίνων. Σχολή Οικονομικών και Κοινωνικών Επιστημών. Τμήμα Οικονομικών Επιστημώνel
heal.publicationDate2008-
heal.abstractThis paper addresses the saving-investment (SI) correlation for the EU 15 member countries, using the ARDL approach and panel regressions. If we accept the Feldstein-Horioka [Feldstein, M. and C. Horioka, 1980, Domestic saving and international capital flows, Economic Journal 90, 314-329.] interpretation of the SI correlation, the evidence from the ARDL approach does not point to any particular direction in terms of country size, or level of development, or economic and capital market structure. Panel regressions yield an S1 coefficient in the range of 0.148-0.157. This finding is attributed to higher capital mobility, lower transaction costs in the international capital markets, and the declining status of long-run current account targeting as a primary government objective. (C) 2006 Elsevier Inc. All rights reserved.en
heal.journalNameInternational Review of Economics & Financeen
heal.journalTypepeer reviewed-
heal.fullTextAvailabilityTRUE-
Appears in Collections:Άρθρα σε επιστημονικά περιοδικά ( Ανοικτά) - ΟΕ

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