Solving the Feldstein-Horioka Puzzle With Financial Frictions
Work
Year: 2010
Type: article
Abstract: Unlike the prediction of a frictionless open economy model, long-term average savings and investment rates are highly correlated across countries—a puzzle first identified by Feldstein and Horioka (19... more
Source: Econometrica
Authors Yan Bai, Jing Zhang
Cites: 51
Cited by: 135
Related to: 10
FWCI: 14.08
Citation percentile (by year/subfield): 98.46
Topic: Economic theories and models
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green