Title: Testing for the Feldstein-Horioka hypothesis in Asia using wavelet analysis

Author (s):: Zargar F.N.; Tiwari A.K.; Olayeni O.R.

Journal: Applied Economics Letters

Month and Year: September 2018

Abstract: We investigate the Feldstein-Horioka (1980) puzzle using a novel time-frequency approach. The wavelet-based retention and correlation coefficients are estimated for a cross-section of 15 Asian countries over the period 1972–2016. The countries are grouped as OCED countries (Japan and South Korea), least developed countries (like Bangladesh and Nepal), the large countries (like India and China), and the small countries (like Sri Lanka and Pakistan). Our approach reveals some interesting insights on the relationship between investment and saving rates and investment and current account deficits. © 2018, © 2018 Informa UK Limited, trading as Taylor & Francis Group.

Document Type: Article

DOI: https://doi.org/10.1080/13504851.2018.1527440