Since 2014
Mobility of capital and external sustainability of the Portuguese economy
Economic Analysis
View Archive Info| Field | Value | |
| Title |
Mobility of capital and external sustainability of the Portuguese economy
|
|
| Creator |
Sousa Andrade, João
|
|
| Description |
The Feldstein‐Horioka thesis was considered one of the greatest puzzles in economics. Proposed to be a measure of international capital mobility, has known a process of immunisation to be con‐ formed to empirical evidence and respect econometric knowledge. We apply to the Portuguese economy the proposed tests not only to know the degree of capital mobility but also to know if this economy is external sustainable. The original ideas in the paper are our interpretation of the theoretical evolution of the F‐H the‐ sis, the importance of analysing the random nature of the model of one equation and not only the retention coefficient and the macro view given by an appropriate VAR model with investment and saving. We con‐ clude by the confirmation of important capital mobility in the Portuguese economy and the external unsus‐ tainability of this economy.
|
|
| Publisher |
Institute of Economic Sciences, Belgrade, Serbia
|
|
| Date |
2017-09-25
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion |
|
| Format |
application/pdf
|
|
| Identifier |
https://www.library.ien.bg.ac.rs/index.php/ea/article/view/39
|
|
| Source |
Economic Analysis; Vol 40 No 3-4 (2007): Economic Analysis; 8-27
2560-3949 1821-2573 |
|
| Language |
eng
|
|
| Relation |
https://www.library.ien.bg.ac.rs/index.php/ea/article/view/39/35
|
|
| Rights |
Copyright (c) 2017 Economic Analysis
http://creativecommons.org/licenses/by-nc-nd/4.0 |
|