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The Feldstein-Horioka Puzzle Revisited


Adolfo Sachsida


Catholic University of Brasilia; Institute for Applied Economic Research (IPEA)

Marcelo Abi-Ramia Caetano


Institute of Applied Economic Research (IPEA); Previdencia Social

Applied Economics Letters

Abstract:     
This paper shows that the Feldsteins & Horioka (1980) test does not measure capital mobility, but just the variability between domestic and external savings. Furthermore, it concludes that the Coakley, Kulasi & Smith (1996) test for current account solvency, is a necessary, but not sufficient, condition for current account solvency.

JEL Classification: F21

Accepted Paper Series


Date posted: May 19, 2000  

Suggested Citation

Sachsida, Adolfo and Caetano, Marcelo Abi-Ramia, The Feldstein-Horioka Puzzle Revisited. Applied Economics Letters. Available at SSRN: http://ssrn.com/abstract=219548

Contact Information

Adolfo Sachsida (Contact Author)
Catholic University of Brasilia ( email )
SGAN 916 - Modulo B - Sala A-115
70790-160 Brasilia-DF
Brazil
+55 61 340-5550 (Phone)
+55 61 347-4797 (Fax)
Institute for Applied Economic Research (IPEA)
SBS Ed. BNDES Quadra 1
7o. andar
Brasilia DF 7000-010
Brazil
+55 61 3315-5523 (Phone)
+55 61 315-5448 (Fax)
Marcelo Abi-Ramia Caetano
Institute of Applied Economic Research (IPEA) ( email )
Av. Pres. Antonio Carlos , 51 - 17 andar
Rio de Janeiro, RJ, 20020-010
Brazil
Previdencia Social ( email )
Feedback to SSRN (Beta)


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