The Feldstein-Horioka Paradox – evidence for Colombia during 1925-2011

This paper examines the relationship between national investment and saving in Colombia during the period 1925-2011 -- Consistent with Cardenas and Escobar (1998), an Error Correction Model is used to examine short and long run effects -- The results provide evidence that investment and saving are c...

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Autores:

Penagos Gómez, Óscar
Rojas Serrano, Héctor
Campo Robledo, Jacobo

Tipo de recurso:

Fecha de publicación:

2015

Institución:

Universidad EAFIT

Repositorio:

Repositorio EAFIT

Idioma:

spa

OAI Identifier:

oai:repository.eafit.edu.co:10784/7804

Acceso en línea:

http://hdl.handle.net/10784/7804

Palabra clave:

C12
C22
F21
F41
Paradoja de Feldstein - Horioka
AHORRO E INVERSIÓN
MERCADO FINANCIERO
TASAS DE INTERÉS
MODELOS ECONÓMICOS
COINTEGRACIÓN
MODELOS ECONOMÉTRICOS
RENTAS NACIONALES - CONTABILIDAD
Saving and investment
Capital market
Interest rates
Economic models
Cointegration
Econometric models
National income - Accounting

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Copyright (c) 2015 Óscar Penagos Gómez, Héctor Rojas Serrano, Jacobo Campo Robledo