00000caa a22000003i 4500 UP-1685594773862388460 Buklod 20210315132309.0 m | | ta 210315s1995 xx r |||| u|eng d (iLib)UPBAG-00039513650 BAG rda eng ARTICLE-2658 Gochoco-Bautista, Maria Socorro H. author. Savings, investment, and capital mobility Maria Socorro H. Gochoco-Bautista. 1995. pages 1-17 illustrations 25 cm text rdacontent unmediated rdamedia volume rdacarrier Includes bibliographical references (page 17). This study exploits the relationship between savings and investment implied by a country's inter temporal budget constraint to measure the degree of capital mobility. In particular, if savings and investment are cointegrated, there is an error correction model which describes the short run dynamic behavior of savings and investment. If the degree of capital mobility is greater, we would expect the dynamic responses of savings and investment to shocks to be larger. Using annual data for the Philippines from 1946-1994, the study's findings are largely consistent with the hypothesis that capital mobility increased in the post-Bretton Woods period. The only finding that is not supportive of this is that which shows the contribution of US shocks to the variance of the forecast errors of Philippine saving and investment declining in the post-Bretton Woods period. Saving and investment. Economics History 1946-1994. The Philippine Review of Business and Economics Vol. XXXII, No. 1 (June 1995), p. 1-17. (viewed 15 March 2021) FI UPBAG UPBAG-MAIN ARTICLE-2658 Analytics