Mobility of savings and investment in Mexico
A number of empirical studies have concluded that capital is internationally immobile. This result contradicts the empirical observation that a large volume of capital is traded every day in international capital markets. Is capital internationally mobile or not? This is the well-known Feldstein-Hor...
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 1999 |
| País: | México |
| Institución: | EL COLEGIO DE MÉXICO |
| Repositorio: | Estudios Económicos de El Colegio de México |
| Idioma: | español |
| OAI Identifier: | oai:oai.estudioseconomicos.colmex.mx:article/225 |
| Acceso en línea: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/225 |
| Access Level: | acceso abierto |
| Palabra clave: | capital international capital markets Feldstein-Horioka paradox flujo de capital mercado internacional paradoja de Feldstein-Horioka |
| Sumario: | A number of empirical studies have concluded that capital is internationally immobile. This result contradicts the empirical observation that a large volume of capital is traded every day in international capital markets. Is capital internationally mobile or not? This is the well-known Feldstein-Horioka paradox. By estimating savings retention coefficients, we find that in Mexico, capital was immobile during the 1960's and 1970's but mobile during the 1980's and 1990's. |
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