Quantifying International Capital Mobility in the 1980s
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The Feldstein-Horioka finding, that national saving and investment have been highly correlated in the past, has not been primarily due to econometric problems such as endogenous fiscal policy; it has held up equally well when instrumental variables are used. But the inflow of capital to the United
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美国国家经济研究局创建时间：
1989-02-01
