01893cas a2200241 a 4500 AALejournalIMF008949 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451848212 1018-5941 BD-DhAAL BD-DhAAL Thomas, Alun. Saving, Investment, and the Regional Current Account : An Analysis of Canadian, British, and German Regions / Alun Thomas. Washington, D.C. : International Monetary Fund, 1993. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The relationship between regional saving and investment is examined to measure the extent of capital mobility. The relationship between total regional saving and investment is significantly negative in Canada and the United Kingdom, in contrast to the significant positive relationship found across countries. The difference is attributed to government subsidies to poor regions. The relationship between personal saving and private investment is insignificant in the U.K. and Germany and is negative in Canada which suggests that capital is mobile for individuals. The relationship between retained earnings and private investment is significantly positive in the U.K. and Canada suggesting capital immobility for firms but a test for the presence of regional corporate liquidity constraints yields no effects. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1993/062 Full text available on IMF http://elibrary.imf.org/view/journals/001/1993/062/001.1993.issue-062-en.xml IMF e-Library