Mobility, saving and investment link: Evidence from Turkey

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dc.contributor.authorMangir, Fatih
dc.contributor.authorErtugrul, Hasan Murat
dc.date.accessioned2020-03-26T18:30:53Z
dc.date.available2020-03-26T18:30:53Z
dc.date.issued2012
dc.departmentSelçuk Üniversitesien_US
dc.description.abstractFeldstein and Horioka (1980) examined the relationship between domestic saving-investment and capital movements assuming that while domestic investment is largely financed by domestic savings in closed economies with no international capital mobility, in open economies under perfect international capital mobility, domestic saving-investment correlations will be low However, result of their study reveals high correlation between investment and saving in 16 OECD industrialized countries implying low capital mobility. This result considered as Feldstein-Horioka Paradox (FH-P) in the literature. In this study, domestic saving and investment relationship for the Turkish economy have been investigated with FH model employing Bounds Test and Kalman filtering approach for 1998-2010 period. The Bounds Test results indicate long run relationship between domestic saving and investment. However, diminishing effects of saving over investment in the short run and results of Kalman filter indicates that there is capital mobility in Turkey.en_US
dc.identifier.doi10.3484/iif.2012.317.3362en_US
dc.identifier.endpage87en_US
dc.identifier.issn1300-610Xen_US
dc.identifier.issn1308-4658en_US
dc.identifier.issue317en_US
dc.identifier.startpage61en_US
dc.identifier.urihttps://dx.doi.org/10.3484/iif.2012.317.3362
dc.identifier.urihttps://hdl.handle.net/20.500.12395/28237
dc.identifier.volume27en_US
dc.identifier.wosWOS:000307600100003en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isotren_US
dc.publisherBILGESEL YAYINCILIK SAN & TIC LTDen_US
dc.relation.ispartofIKTISAT ISLETME VE FINANSen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.selcuk20240510_oaigen_US
dc.subjectSaving-investmenten_US
dc.subjectCapital mobilityen_US
dc.subjectStructural breaken_US
dc.subjectFeldstein-Horioka puzzleen_US
dc.subjectARDL modelen_US
dc.subjectKalman filteren_US
dc.titleMobility, saving and investment link: Evidence from Turkeyen_US
dc.typeArticleen_US

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