Capital Mobility in the World Economy: Theory and Measurement / Maurice Obstfeld.

Format:

Book

Author/Creator:

Obstfeld, Maurice.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w1692.

NBER working paper series no. w1692

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Capital Mobility in the World Economy

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1985.

Summary:

This paper is a critical assessment of some recent empirical evidence on the extent of international capital mobility. Its major conclusion is that while much of this evidence is difficult to interpret without ambiguity, it is consistent with a world economy in which the degree of capital mobility is high and increasing. Two main approaches to the measurement of capital mobility are discussed. The first, traditional, approach is based on comparing expected yields on assets located in different countries. The second,and more novel, approach is based on comparing national saving rates and domestic investment rates.

Notes:

Print version record

August 1985.