The Feldstein-Horioka puzzle and capital mobility:the role of the recent crisis

The Feldstein-Horioka puzzle has long been debated as it relates to the important topics of capital mobility and how to determine levels of investment. Adopting a recursive approach and panel techniques, this paper explores the impacts of the recent financial crisis on the validity of the puzzle. The OECD’s saving-investment correlation dropped to a record low just before the 2007/08 crisis began, reflecting the perceived ‘end’ of the FH puzzle in some studies. But since the onset of the crisis, our results indicate that this correlation has increased, suggesting the puzzle’s return. The puzzle for net capital-importing and net capital-exporting countries differs, with the relationship being more significant for the exporters compared to the importers, reflecting the asymmetry in terms of the degree of any shocks across countries

Hydrogen-fueled transportation as a measure for climate change mitigation: Social perspectives

Due to the technical requirements and diversity in business models, use cases, and organizational structures, hydrogen is perceived as a possible means for decarbonizing the freight sector. This chapter presents the qualitative research conducted in the United Kingdom with freight operators and wider stakeholders in order tounderstand stakeholders’ responses to the current interest in hydrogen and their perspectives on transitioning to hydrogen-fueled freight operations. It was found that despite freight operators efforts to learn about hydrogen technology, they remained in a wait-and-see position, which indicates low societal readiness levels for hydrogen-fueled freight. As such, involving stakeholders in the early stages of research and developmentis important for societal readiness, whereas stakeholder engagement through collaborative networks is critical to influence and ensure that hydrogen-fueled transport delivers social value for all