Yoshihiro, Hashiguchi and Shigeyuki, Hamori (2009): Saving-Investment Relationship and Capital Mobility:Evidence from Chinese Provincial Data, 1980—2007. Published in: Economics Bulletin , Vol. 29, No. 3 (August 2009): pp. 1986-1994.
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Panel data for individual Chinese provinces from 1980 to 2007 was used to estimate the saving-investment model used by Feldstein and Horioka (1980), shed light on changes to China's domestic capital mobility since the adoption of the Open Door Policy, and determine whether there has been any increase in mobility since 2000. High capital mobility was observed through the first half of the 1980s followed by low capital mobility during the 1990s. Capital mobility began to gradually increase again around 1996, reaching levels similar to those of other leading industrialized countries in the 2000s.
|Item Type:||MPRA Paper|
|Original Title:||Saving-Investment Relationship and Capital Mobility:Evidence from Chinese Provincial Data, 1980—2007|
|Keywords:||Saving-Investment Relationship; Capital Mobility; Chinese Provincial Data; Feldstein-Horioka puzzle|
|Subjects:||O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development
F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy Macroeconomics
|Depositing User:||Shigeyuki Hamori|
|Date Deposited:||17. Sep 2009 23:43|
|Last Modified:||07. Jan 2014 19:13|
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