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Saving, investment and international capital mobility in EC countries

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Authors
Issue Date
1991
Physical description
60 p. : gráf., tab.
ISBN
84-7793-101-1
Abstract
For the past fifteen years, capital movements have been increasingly liberalised in most industrialized countries. From a theoretical point of view, if capital is perfectly mobile between countries, national savings should respond to global investment opportunities and national investment should be financed drawing on the global pool of capital. Accordingly, there should be no empirical relationship between national saving and investment

yet this was not observable in the analysis
Notes
Incluye bibliografía
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Documentos de trabajo / Banco de España, 9110
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