title: The verification of regional capital mobility in the Russian Federation: A spatial econometric approach
abstract: In many cases the perfect capital mobility hypothesis is used by default. Therefore, if we follow this idea there should not be any connection between internal savings and investments in a country or at least this connection must be not significant. But some of empirical research demonstrate opposite results. In economic literature this concept is well-known as the “Feldstein — Horioka Puzzle”. Considering the relative lack of studies concerning this theme on the regional level, it seems quite p
journal: St Petersburg University Journal of Economic Studies