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| Author: | Armstrong, H. W. Balasubramanyam, V. N. Salisu, M. A. |
| Title: | Domestic savings, intra-national and intra-European Union capital flows, 1971-1991 |
| Journal: | European Economic Review
1996 : JUN, VOL. 40:6, p. 1229-1235 |
| Index terms: | EUROPEAN UNION INVESTMENTS SAVINGS CAPITAL MARKETS PORTUGAL |
| Language: | eng |
| Abstract: | The paper examines the relationship btw. savings and investment for the pre-1995 twelve members of the EU during the period 1971-1991. The results suggest that the capital market of the members of the European Union resembles that of intra-national regions, implying a considerable degree of capital market integration. The conclusion is, however, subject to several caveats. The relationship btw. investment and savings in the case of e. g. Portugal, is unusual. |
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