%0 Journal Article %T The Feldstein-Horioka Hypothesis in Countries with Varied Levels of Economic Development %A Piotr Misztal %J Contemporary Economics %D 2011 %I University of Finance and Management, Warsaw %R 10.5709/ce.1897-9254.9 %X This article aims to analyse the Feldstein-Horioka hypothesis, which suggests a strong correlation between investments and savings in advanced economies. Additionally, the analysis of the Feldstein- Horioka hypothesis was expanded to include emerging markets and developing economies in order to provide a thorough analysis of this issue.1 The paper utilises a research method based on bibliographic studies in macroeconomics and international finances as well as econometric methods (the vector autoregressive model - VAR). All statistical data used in the paper are taken from the statistical database of the International Monetary Fund (World Economic Outlook Database). %U http://ce.vizja.pl/en/download-pdf/id/206