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The Solution to the Feldstein-Horioka Puzzle
https://agi.repo.nii.ac.jp/records/159
https://agi.repo.nii.ac.jp/records/159aceafe94-9186-4c08-9c66-49be4e9cb0f4
名前 / ファイル | ライセンス | アクション |
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WP2017-17 (367.0 kB)
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Item type | ワーキングペーパー/Working Paper(1) | |||||
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公開日 | 2017-10-31 | |||||
タイトル | ||||||
言語 | en | |||||
タイトル | The Solution to the Feldstein-Horioka Puzzle | |||||
言語 | ||||||
言語 | eng | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | Capital flows | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | capital mobility | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | capital transfers | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | Feldstein-Horioka Paradox | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | Feldstein-Horioka Puzzle | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | financial market integration | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | goods market integration | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | interest rate parity | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | international capital flows | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | international capital mobility | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | investment | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | net capital transfers | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | Niehans model | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | real interest rate parity | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | saving | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | saving-investment correlations | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | trade frictions | |||||
資源タイプ | ||||||
資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||
資源タイプ | journal article | |||||
著者 |
ホリオカ・, チャールズ・ユウジ
× ホリオカ・, チャールズ・ユウジ× Ford, Nicholas |
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抄録 | ||||||
内容記述タイプ | Abstract | |||||
内容記述 | The purpose of this paper is to set out a surprisingly simple solution to the Feldstein-Horioka Puzzle or Paradox, which is that even though global financial markets appear to be integrated, levels of saving and investment are correlated across countries because financial markets cannot, by themselves, achieve net transfers of financial capital. This is because net transfers of financial capital require the integration not only of financial markets but also of goods markets and because there are substantial frictions in goods markets (e.g., transport, marketing, and distribution costs, technical standards, certification procedures, tariffs and nontariff barriers, etc.). |
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書誌情報 |
en : AGI Working Paper Series 巻 2017-17, p. 1-31, 発行日 2017-10-31 |
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JEL分類コード | ||||||
主題Scheme | Other | |||||
主題 | F15, F21, F32, F36, G15 |