International Capital Mobility: A Panel Analysis for OECD Countries
نویسندگان
چکیده
منابع مشابه
International Capital Mobility: Evidence from Panel Data
Krol (1996) reports estimates of the saving-investment correlation, based on panel regressions, that are much lower than commonly found in the literature. This note argues that this low estimate is not related to the panel estimation technique, as Krol claims, but largely to the inclusion of Luxembourg in the sample. Panel estimation only reduces the correlation’s estimate by about 0.12. Octobe...
متن کاملCapital Mobility in Developing Countries: Evidence from Panel Data
The purpose of this paper is to show that the use of panel data can shed some light on the FeldsteinHorioka puzzle. The use of panel data would bring in two advantages. First, it would avoid the bias towards low capital mobility brought by the use of time-averaged data. Second, it would make possible to take into account specific effects (heterogeneity) like a country’s size. Pooling annual dat...
متن کاملCorporate taxation and capital accumulation: Evidence from sectoral panel data for 14 OECD countries
a r t i c l e i n f o JEL classification: H25 E22 D92 Keywords: Corporate taxation Capital accumulation User cost of capital We present new empirical evidence that sector-level capital–output ratios are strongly influenced by corporate tax incentives, as summarised by the tax component of a standard user cost of capital measure. We use sectoral panel data for the USA, Japan, Australia and eleve...
متن کاملHas Health Capital Formation Cured ‘Baumol’s Disease’? – Panel Granger Causality Evidence for OECD Countries
A large body of both theoretical and empirical literature has affirmed a positive impact of human capital accumulation in the form of health on economic growth. Yet Baumol (1967) has presented a model in which imbalances in productivity growth between a ‘progressive’ (manufacturing) sector and a ‘nonprogressive’ sector of the economy (of which health care forms an integral part) lead to perpetu...
متن کاملInstitutions and Service Employment: a Panel Study for Oecd Countries
4 Non-technical summary 5
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: East Asian Economic Review
سال: 2010
ISSN: 2508-1640,2508-1667
DOI: 10.11644/kiep.jeai.2010.14.1.213