Testing the validity of the Feldstein-Horioka Puzzle: New evidence from structural breaks for Turkey

The purpose of this study is to test the validity of Feldstein-Horioka Puzzle using time series data covering the period of 1960-2014 for Turkey. In order to test this relationship, the recently proposed multiple-break cointegration test of Maki (2012) was employed. After detecting the existence of...

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Bibliographic Details
Main Authors: Ekrem ERDEM, Ahmet KOSEOGLU, Ali Gokhan YUCEL
Format: Article
Language:English
Published: General Association of Economists from Romania 2016-06-01
Series:Theoretical and Applied Economics
Subjects:
Online Access: http://store.ectap.ro/articole/1178.pdf