THE PUZZLE OF THE FELDSTEIN-HORIOKA AND EVIDENCE FROM TURKEY-Reference-Cited by-同舟云学术

THE PUZZLE OF THE FELDSTEIN-HORIOKA AND EVIDENCE FROM TURKEY

Published:2022-03-29 Issue: Volume: Page:
ISSN:2146-4634
Container-title:Birey ve Toplum Sosyal Bilimler Dergisi
language:tr
Short-container-title:

Author:

PEHLİVAN Ceren

Abstract

Investments and savings play an important role in increasing the economic growth of countries. The subject of where the source of the investments comes from has been researched many titles in the literature. Feldstein and Horioka investigated the relationship between savings and investment within the framework of international capital mobility. They emphasized that there would be a low level relationship between domestic savings and investment if capital mobility were free, in the study. In this study the Feldstein- Horioka puzzle is tested for Turkey. In the FMOLS-DOLS results made in the study covering the years 1990-2019, it was concluded that international savings affect investments more. As a result of the Frequency Distribution causality analysis conducted in the study, it was determined that there is a medium and long-term relationship from the savings variable to the investment. In addition, it has been determined that there is a relationship between the investment variable and the savings variable in the medium term.

Publisher

Birey ve Toplum Sosyal Bilimler Dergisi

Subject

General Materials Science

Reference24 articles.

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