Abstract
Panel cointegration methods are used to analyze the saving and investment relationships of the EU member countries; the degree of capital mobility is investigated by pooled mean group estimation. Results demonstrate that although saving and investment move together in the long run, there is also a moderate level of capital mobility in the short run, suggesting that the Feldstein-Horioka puzzle is not valid for these countries in the 1980-2012 period. Results differ in the subsamples of the European Union as the degree of capital mobility is higher in the eurozone countries and early members of the European Union.
Keywords
Cointegration
European union
Economics
Investment (military)
Capital (architecture)
Estimation
Eu countries
Monetary economics
Member states
International economics
Demographic economics
Econometrics
Geography
Political science
Subject Areas
Monetary Policy and Economic Impact
·General Economics, Econometrics and Finance ·Social Sciences
Economic Growth and Productivity
·Economics and Econometrics ·Social Sciences
Fiscal Policy and Economic Growth
·Economics and Econometrics ·Social Sciences
Citations by Year
2016: 1
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