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dc.contributor.authorSingh, Tarlok
dc.date.accessioned2017-11-17T04:43:26Z
dc.date.available2017-11-17T04:43:26Z
dc.date.issued2016
dc.identifier.issn2194-6507
dc.identifier.doi10.1515/jtse-2014-0005
dc.identifier.urihttp://hdl.handle.net/10072/352648
dc.description.abstractThis study examines the relationship between domestic saving and investment and measures the international mobility of capital in the United States. The long-run model, “with” and “without” structural breaks, is estimated using several single-equation and system estimators to assess the robustness of results and take an exhaustive account of the methodological and measurement issues. The results provide dominant support for the long-run relationship between domestic saving and investment. The estimates of the slope parameter on saving above zero and the dominant support for cointegration between saving and investment across estimators vindicate the validity of intertemporal budget constraint and suggest the sustainability of current account deficits. The numerical magnitude of the slope parameter on saving is consistently low across estimators. The results showing the low slope parameter on saving resonate with the observed high mobility of capital. The estimates of the model with structural breaks reinforce the dominant support for the long-run relationship between domestic saving and investment. The inclusion of these structural breaks in the model generally reduces the numerical magnitude of the slope parameter on saving and suggests the high mobility of capital.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherWalter de Gruyter GmbH
dc.relation.ispartofpagefrom193
dc.relation.ispartofpageto249
dc.relation.ispartofissue2
dc.relation.ispartofjournalJournal of Time Series Econometrics
dc.relation.ispartofvolume8
dc.subject.fieldofresearchMacroeconomics (incl. Monetary and Fiscal Theory)
dc.subject.fieldofresearchcode140212
dc.titleInternational Mobility of Capital in the United States: Robust Evidence from Time-Series Tests
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
dc.description.versionVersion of Record (VoR)
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.rights.copyright© 2016 Walter de Gruyter & Co. KG Publishers. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
gro.hasfulltextFull Text
gro.griffith.authorSingh, Tarlok


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