search query: @author Kim, S.H. / total: 2
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| Author: | Kim, S.H. |
| Title: | The saving-investment correlation puzzle is still a puzzle |
| Journal: | Journal of International Money and Finance
2001 : DEC, VOL. 20:7, p. 1017-1034 |
| Index terms: | BUSINESS CYCLES ECONOMIC SHOCKS INVESTMENT SAVINGS |
| Language: | eng |
| Abstract: | This paper uses panel data of saving and investment controlled for business cycle shocks to empirically test the significance of cyclical shocks - productivity, fiscal and the terms of trade shocks - in explaining a high saving-investment correlation. The estimation results reveal that conventional aggregate shocks only partially explain the high saving-investment correlation. |
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