Investigating Capital Mobility and Saving- Investment Relationship: Case Study of MENA Countries

سال انتشار: 1394
نوع سند: مقاله ژورنالی
زبان: انگلیسی
مشاهده: 528

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شناسه ملی سند علمی:

JR_IJMAE-2-6_004

تاریخ نمایه سازی: 15 شهریور 1395

چکیده مقاله:

This paper determines the degree of capital mobility and saving- investment association by using the Feldstein- Horioka (1980) approach among Middle East and North African (MENA) countries during 1990-2011. According to the Feldstein- Horioka hypothesis, in a country with high degree of capital mobility there should be no relationship between domestic saving and domestic investment and inversely, in a country with low degree of capital mobility there is a high correlation between domestic saving and domestic investment. Using panel data and employing Random effect Model to estimate the model, the obtained results show that capital is highly mobile in these countries.

کلیدواژه ها:

Capital mobility ، Feldestein and Horioka approach ، MENA region ، Panel Data

نویسندگان

Mansoor Mahini Zadeh

Assistant Professor of Economics, Yazd University, Yazd, Iran

Elaheh Mahmoodi

Ph.D. Student in Economics, Yazd University, Yazd, Iran

Majid Mahmoodi

Faculty Member, Velayat University, Iranshahr, Iran