Capital mobility in Sweden: a time-varying parameter approach

被引:1
|
作者
Hatemi-J, Abdulnasser [1 ]
Hacker, R. Scott
机构
[1] Univ Kurdistan Hawler, Dept Business & Management, Sanandaj, Iran
[2] Univ Skovde, Dept Econ & Finance, SE-54128 Skovde, Sweden
[3] Jonkoping Int Business Sch, SE-55111 Jonkoping, Sweden
关键词
D O I
10.1080/13504850600606018
中图分类号
F [经济];
学科分类号
02 ;
摘要
This article investigates the degree of capital mobility in Sweden during 1993 to 2004 using quarterly data. A time varying parameter model is estimated by the Kalman filter, and it shows that the relationship between investment as share in gross domestic product (GDP) and saving as share in GDP is much less than one (within the interval of 0.25 - 0.35), indicating substantial capital mobility. However, since the coefficient in each period is statistically different from zero, capital is still not perfectly mobile. Nevertheless, capital mobility seems to have increased until 1995 when Sweden became a member of EU and after membership there seems to be no significant increase in capital mobility.
引用
收藏
页码:1115 / 1118
页数:4
相关论文
共 50 条
  • [31] A time-varying parameter model of inflation in India
    Kumar, Sudhanshu
    Srinivasan, Naveen
    Ramachandran, Muthiah
    INDIAN GROWTH AND DEVELOPMENT REVIEW, 2012, 5 (01) : 25 - 50
  • [32] Parameter Estimation of Time-Varying ARMA Model
    王文华
    韩力
    王文星
    Journal of Beijing Institute of Technology(English Edition), 2004, (02) : 131 - 134
  • [33] Time-Varying Parameter Realized Volatility Models
    Wang, Yudong
    Pan, Zhiyuan
    Wu, Chongfeng
    JOURNAL OF FORECASTING, 2017, 36 (05) : 566 - 580
  • [34] Time-varying parameter models with endogenous regressors
    Kim, CJ
    ECONOMICS LETTERS, 2006, 91 (01) : 21 - 26
  • [35] A FRAMEWORK FOR TIME-VARYING PARAMETER REGRESSION MODELING
    MACHAK, JA
    SPIVEY, WA
    WROBLESKI, WJ
    JOURNAL OF BUSINESS & ECONOMIC STATISTICS, 1985, 3 (02) : 104 - 111
  • [36] TIME-VARYING PARAMETER REGRESSION-MODELS
    BECK, N
    AMERICAN JOURNAL OF POLITICAL SCIENCE, 1983, 27 (03) : 557 - 600
  • [37] Parameter tracking for stochastic time-varying systems
    Li, Z
    PROCEEDINGS OF THE 3RD WORLD CONGRESS ON INTELLIGENT CONTROL AND AUTOMATION, VOLS 1-5, 2000, : 2248 - 2253
  • [38] Large Hybrid Time-Varying Parameter VARs
    Chan, Joshua C. C.
    JOURNAL OF BUSINESS & ECONOMIC STATISTICS, 2023, 41 (03) : 890 - 905
  • [39] METHOD ON TIME-VARYING PARAMETER IDENTIFICATION.
    Shi, Peng
    Tang, Bingyong
    Advances in modelling & simulation, 1988, 13 (03): : 25 - 27
  • [40] Comparing hybrid time-varying parameter VARs
    Chan, Joshua C. C.
    Eisenstat, Eric
    ECONOMICS LETTERS, 2018, 171 : 1 - 5