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No. 2007-30 |
July 12, 2007
A Note on Human Capital and the Feldstein-Horioka Puzzle
In this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change.
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