Abstract:Domestic and foreign savings are viewed as the foundation of economic growth and development in most modern economic studies, whether in developed or developing countries. Since the 1980s, with the increasing capital mobility, many studies have been carried out in this field. Recently, capital mobility has been frequently discussed based on the Feldstein-Horioka (FH) puzzle, which assumes the existence of a strong relationship between domestic savings and investment. This study aims to examine the validity of … Show more
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