TY  - JOUR
TT  - Capital Mobility: An application of Saving-Investment Link for Tunisia
AU  - Adebola, Solarin Sakiru
AU  - Dahalan, Jauhari
PY  - 2012
DA  - March
JF  - International Journal of Economics and Financial Issues
JO  - IJEFI
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2146-4138
SP  - 1
EP  - 11
VL  - 2
IS  - 1
KW  - Tunisia
KW  - Saving–investment
KW  - Cointegration
KW  - Causality
N2  - The paper examines the degree of capital mobility in Tunisia for 1970 to 2009 period, using Feldstein and Horioka (1980) method of savings and investment comovement. We apply ARDL bound test to assess comovement between savings and investment; and to compute the savings retention ratio with FMOLS and DOLS as complements. The results reveal low capital mobility, in contrary to Maminingi (1997) who note perfect capital immobility in Tunisia. Hence, efforts should be made by the concerned authorities to evolve policies that will mobilize international capital into the country.
UR  - https://dergipark.org.tr/tr/pub/ijefi/issue//351810
L1  - https://dergipark.org.tr/tr/download/article-file/362660
ER  -