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Article Information:
Feldstein-Horioka (F-H) Approach Test in Developing Countries
Morteza Cheshti, Ali Akbar Naji Meidani and Mahmood Baghjari
Corresponding Author: Morteza Cheshti
Submitted: June 17, 2013
Accepted: July 05, 2013
Published: April 12, 2014 |
Abstract:
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The main objective of the present study is studying role of foreign aids and trade integrity on international mobility of capital in selected developing states. For do it, Feldstein-Horioka is applied for Iran economy. The obtained results are compatible with the common expectations related to the mobility of capital. Positivism of coefficients of variables of foreign aids indicates that accessing resources of financial funds in developing states has been increased with the increase of financial liberalization. Receiving foreign aids will result in increased supply of resources for granting loan, based on which, relation between domestic investments and saving will be diminished. Also, with receiving giant foreign loans by the mentioned countries, these countries will activate their investment and production cycles and their dependencies on domestic savings will be lessened.
Key words: Capital mobility, Feldstein-Horioka, saving, trade, , ,
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Cite this Reference:
Morteza Cheshti, Ali Akbar Naji Meidani and Mahmood Baghjari, . Feldstein-Horioka (F-H) Approach Test in Developing Countries. Research Journal of Applied Sciences, Engineering and Technology, (14): 2929-2934.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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