Savings and investment rates in Latin America: An error correction analysis |
| |
Authors: | Email author" target="_blank">Kristen?N?Van?RensselaerEmail author Joe?B?Copeland |
| |
Institution: | (1) University of North Alabama, Box 5137, 35632 Florence, AL;(2) University of North Alabama, Box 5199, 35632 Florence, AL |
| |
Abstract: | Using savings and investment rates from fifteen Latin and Central American countries, this study explores the possibility
of a long-run relationship between saving and investment. The analysis consists of regressions unit root tests, and an error
correction model developed by Jansen and Schulze (1996) and Jansen (1996). Of the 15 countries, there is evidence to substantiate
capital mobility in 13 countries. For Chile and Uruguay, countries that have experienced considerable capital controls, evidence
indicates the lack of capital mobility for these two countries. |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|