Alternative Concept of the Feldstein-Horioka Model under a Variable Parameter Assumption: a Study of the Czech Republic's Accession to the European Union
Abstract:Alternative Concept of the Feldstein-Horioka Model under a Variable Parameter Assumption: a Study of the Czech Republic's Accession to the European Union We investigate the impact of the Czech Republic's membership in the European Union on capital mobility. Our estimation of capital mobility is based on the alternative Feldstein-Horioka model. The model comes from intertemporal budget constraints with the additional assumption of a different data generation process. We propose an empirical framework to capture… Show more
“…Frýd (2020) při aplikaci vektorového modelu korekce chyby zkoumal dopad členství České republiky v Evropské unii na mobilitu kapitálu. Závěrem jeho studie je, že kapitálová mobilita v České republice se po roce 2004 zvyšuje, tj.…”
“…Frýd (2020) při aplikaci vektorového modelu korekce chyby zkoumal dopad členství České republiky v Evropské unii na mobilitu kapitálu. Závěrem jeho studie je, že kapitálová mobilita v České republice se po roce 2004 zvyšuje, tj.…”
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