All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

Yoshihiro Hashiguchi and Shigeyuki Hamori
''Saving-Investment Relationship and Capital Mobility: Evidence from Chinese Provincial Data, 1980—2007''
( 2009, Vol. 29 No.3 )
Panel data for individual Chinese provinces from 1980 to 2007 was used to estimate the saving-investment model used by Feldstein and Horioka (1980), shed light on changes to China's domestic capital mobility since the adoption of the Open Door Policy, and determine whether there has been any increase in mobility since 2000. High capital mobility was observed through the first half of the 1980s followed by low capital mobility during the 1990s. Capital mobility began to gradually increase again around 1996, reaching levels similar to those of other leading industrialized countries in the 2000s.
Keywords: Feldstein-Horioka paradox, Chinese provincial data, capital mobility
JEL: F4 - Macroeconomic Aspects of International Trade and Finance: General
O1 - Economic Development: General
Manuscript Received : Jul 29 2009 Manuscript Accepted : Aug 17 2009

  This abstract has been downloaded 1705 times                The Full PDF of this paper has been downloaded 149690 times