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| Author: | Jansen, W.J. |
| Title: | International capital mobility: evidence from panel data |
| Journal: | Journal of International Money and Finance
2000 : AUG, VOL. 19:4, p. 507-511 |
| Index terms: | Capital Savings Investments Estimation Luxembourg Europe |
| Language: | eng |
| Abstract: | Krol (1996) Journal of International Money and Finance 15, pp. 467-474 reports estimates of the saving-investment correlation, based on panel regressions, that are much lower than those commonly found in the literature. This note argues that this low estimate is not related to the panel estimation technique, as Krol claims, but largely to the inclusion of Luxembourg in the sample. Panel estimation reduces the correlation's estimate only by about 0.12. |
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