Domestic Savings and International Capital Flows
(265 K)
|
NBER Working Paper No. 310 (Also Reprint No. r0085)
Issued in September 1980
NBER Program(s): PE ITI IFM
How internationally mobile is the world's supply of capital? Does capital flow among industrial countries to equalize the yield to investors? Alternatively, does the saving that originates in a country remain 'to be invested there? Or does the truth lie somewhere between these two extremes? The answers to these questions are not only important for understanding the international capital market but are also critical for analyzing a wide range of issues including the nation's optimal rate of saving and the incidence of tax changes.
Published: Feldstein, Martin and Horioka, Charles. "Domestic Saving and International Capital Flows." The Economic Journal, Vol. 90, (June 1980), pp. 314-329.
This paper is available as PDF (265 K) or via email.
Machine-readable bibliographic record -
MARC,
RIS,
BibTeX
|
|
|
About
Support
The research activities of the NBER are funded by grants from federal research agencies, by private foundations, and by generous donations from our corporate associates and from private individuals. The NBER is a non-profit, 501(c)(3) organization. For information on supporting the NBER, please contact:
Mr. Denis Healy, Director of Development
NBER
1050 Massachusetts Avenue
Cambridge, MA 02138-5398
ph: 617-868-3900
email: dhealy@nber.org
Close
