Skip to content Skip to navigation
University of Warwick
  • Study
  • |
  • Research
  • |
  • Business
  • |
  • Alumni
  • |
  • News
  • |
  • About

University of Warwick
Publications service & WRAP

Highlight your research

  • WRAP
    • Home
    • Search WRAP
    • Browse by Warwick Author
    • Browse WRAP by Year
    • Browse WRAP by Subject
    • Browse WRAP by Department
    • Browse WRAP by Funder
    • Browse Theses by Department
  • Publications Service
    • Home
    • Search Publications Service
    • Browse by Warwick Author
    • Browse Publications service by Year
    • Browse Publications service by Subject
    • Browse Publications service by Department
    • Browse Publications service by Funder
  • Help & Advice
University of Warwick

The Library

  • Login
  • Admin

International capital mobility in an era of globalisation: adding a political dimension to the 'Feldstein–Horioka Puzzle'

Tools
- Tools
+ Tools

Watson, Matthew (2001) International capital mobility in an era of globalisation: adding a political dimension to the 'Feldstein–Horioka Puzzle'. Politics (Oxford), Vol.21 (No.2). pp. 81-92. doi:10.1111/1467-9256.00139

[img]
Preview
PDF
WRAP_Watson_politics(fhpuzzle).pdf - Requires a PDF viewer.

Download (106Kb)
Official URL: http://dx.doi.org/10.1111/1467-9256.00139

Request Changes to record.

Abstract

The debate about the scope of feasible policy-making in an era of globalisation continues to be set within the context of an assumption that national capital markets are now perfectly integrated at the international level. However, the empirical evidence on international capital mobility contradicts such an assumption. As a consequence, a significant puzzle remains. Why is it, in a world in which the observed pattern of capital flows is indicative of a far from globalised reality, that public policy continues to be constructed in line with more extreme variants of the globalisation hypothesis? I attempt to solve this puzzle by arguing that ideas about global capital market integration have an independent causal impact on political outcomes which extends beyond that which can be attributed to the extent of their actual integration.

Item Type: Journal Article
Subjects: H Social Sciences > HG Finance
H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Politics and International Studies
Library of Congress Subject Headings (LCSH): Macroeconomics, International finance, Capital movements, Globalization -- Economic aspects
Journal or Publication Title: Politics (Oxford)
Publisher: Wiley-Blackwell Publishing Ltd.
ISSN: 0263-3957
Official Date: May 2001
Dates:
DateEvent
May 2001Published
Volume: Vol.21
Number: No.2
Page Range: pp. 81-92
DOI: 10.1111/1467-9256.00139
Status: Peer Reviewed
Access rights to Published version: Open Access

Request changes or add full text files to a record

Repository staff actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics

twitter

Email us: wrap@warwick.ac.uk
Contact Details
About Us