Browsing by Author "Kisker, Maria Esther Hope"
Now showing items 1-1 of 1
-
Do Goods and Financial Market Frictions Explain the Feldstein-Horioka Puzzle? (thesis)
Kisker, Maria Esther HopeFeldstein and Horioka (1980) argue that in a world of perfect capital mobility, if one regressed investment on savings, the coefficient would be 0. When they found coefficients of between 0.87 and 0.91, they concluded that ...