An Analytical Examination of the Degree of Capital Mobility in Iran Reappraisal of Feldstein-Horioka Relationship

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

Mehrara Maryam; Gholami Amir; Ahmadi Seyed Mohammad Mehdi

Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: INTERNATIONAL JOURNAL OF FINANCE AND MANAGERIAL ACCOUNTING Year:2023 | Volume:8 | Issue:31 Page(s): 87-102

Download Full-Text

View:

Download:

Cites:

Information Journal Paper

Title

An Analytical Examination of the Degree of Capital Mobility in Iran Reappraisal of Feldstein-Horioka Relationship

Author(s)

Mehrara Maryam | Gholami Amir | Ahmadi Seyed Mohammad Mehdi | Issue Writer Certificate

Keywords

Capital MobilityQ4

Feldstein-Horioka HypothesisQ4

OpennessQ4

home biasQ4

IranQ4

Abstract

Our goal in this paper analysis the dynamics of national saving investment relationships between 1978 and 2017 in the economy of Iran to determine the degree of Capital Mobility. For this purpose, the validity of the Feldstein-Horioka Hypothesis was tested by relying on the ARDL Bounds testing approach to co-integration and vector error correction model. The authors interpret the close relationship between national saving and investment in the long run as a reflection of a lack of Capital Mobility. These results suggest that the Feldstein-Horioka Hypothesis is applicable for the Iran economy in the period analyzed. The analysis of the time series characteristics of the current account balance shows that the current account balance does not have a unit root and the link between Iran's economy and international capital markets is not significant. We observed that trade Openness, can't help explain the investment. Our findings for Iran suggest that home bias in the allocation of domestic savings significantly declines when domestic investment is financed by domestic savings alone. Furthermore, the empirical results indicate that the Feldstein-Horioka puzzle does not hold for the Iran economy.

Cites

No record.

References

No record.

Cite

Related Journal Papers

No record.

Related Seminar Papers

No record.

Related Plans

No record.

Recommended Workshops