A long-run relationship between investment and saving: revisting the Feldstein-Horioka puzzle
Metadatos
Mostrar el registro completo del ítemcomunitat-uji-handle:10234/158176
comunitat-uji-handle2:10234/71324
comunitat-uji-handle3:10234/111700
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TFG-TFMMetadatos
Título
A long-run relationship between investment and saving: revisting the Feldstein-Horioka puzzleAutoría
Tutor/Supervisor; Universidad.Departamento
Camarero Olivas, María Amparo; Universitat Jaume I. Departament d'EconomiaFecha de publicación
2019-11-18Editor
Universitat Jaume IResumen
The aim of this paper is to analyse the Feldstein-Horioka puzzle using cointegration tests with breaks. The puzzle consisting of finding a high correlation between investment and saving in countries where trade barriers ... [+]
The aim of this paper is to analyse the Feldstein-Horioka puzzle using cointegration tests with breaks. The puzzle consisting of finding a high correlation between investment and saving in countries where trade barriers had been eliminated. During the second half of the 20th century, the countries of our sample started a commercial and financial integration process. Despite this fact, these two variables have been found to be highly correlated. Using annual time series data, we first test for the existence of unit roots. Secondly, in order to find if there is relationship between investment and savings, we test for cointegration having into account the potential presence of instabilities in the relationships. In addition, including structural breaks in our regressions will help us to relate the unexpected increases/decreases in saving retention coefficient to the most relevant economic facts that may explain it. [-]
Palabras clave / Materias
Descripción
Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic: 2018-2019
Tipo de documento
info:eu-repo/semantics/bachelorThesisDerechos de acceso
info:eu-repo/semantics/openAccess
Aparece en las colecciones
- Grau en Economia [289]
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