Capital mobility and global factor shocks

Costantini, M; Gutierrez, L

Please use this identifier to cite or link to this item: http://bura.brunel.ac.uk/handle/2438/7719

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DC Field	Value	Language
dc.contributor.author	Costantini, M	-
dc.contributor.author	Gutierrez, L	-
dc.date.accessioned	2013-11-26T15:27:49Z	-
dc.date.available	2013-11-26T15:27:49Z	-
dc.date.issued	2013	-
dc.identifier.citation	Economics Letters, 120(3), 513-515, 2013	en_US
dc.identifier.issn	0165-1765	-
dc.identifier.uri	http://www.sciencedirect.com/science/article/pii/S0165176513002905	en
dc.identifier.uri	http://bura.brunel.ac.uk/handle/2438/7719	-
dc.description	© 2013 Elsevier B.V. All rights reserved	en_US
dc.description.abstract	This paper focuses on the effects of global factors on the saving–investment relationship. We prove that, if investments and savings are affected by idiosyncratic and global components, they must be cointegrated to obtain reliable estimates of the saving-retention coefficient. When global shocks are taken into account throughcommonfactors,wefind that the estimated saving-retention coefficient is close to zero for a panel of 21 OECD countries	en_US
dc.language	English	-
dc.language.iso	en	en_US
dc.publisher	Elsevier	en_US
dc.subject	Saving	en_US
dc.subject	Investment	en_US
dc.subject	Capital mobility	en_US
dc.subject	Panel cointegration	en_US
dc.title	Capital mobility and global factor shocks	en_US
dc.type	Article	en_US
dc.identifier.doi	http://dx.doi.org/10.1016/j.econlet.2013.06.008	-
pubs.organisational-data	/Brunel	-
pubs.organisational-data	/Brunel/Brunel Active Staff	-
pubs.organisational-data	/Brunel/Brunel Active Staff/School of Social Sciences	-
pubs.organisational-data	/Brunel/Brunel Active Staff/School of Social Sciences/Economics and Finance	-
Appears in Collections:	Economics and Finance Publications Dept of Economics and Finance Research Papers

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