Charles Horioka

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Charles Yuji Horioka (born September 7, 1956 in Boston, Massachusetts) is an American economist residing in Japan. Horioka received his B.A. and Ph.D. degrees from Harvard University and is currently professor of economics at the Institute of Social and Economic Research at Osaka University. Previously, he has taught at Stanford, Columbia, and Kyoto Universities.

In his article with Martin Feldstein, "Domestic Saving and International Capital Flows", published in the Economic Journal in 1980, they documented a positive correlation between long-term savings and investment rates across countries. This has since been known as the “Feldstein-Horioka puzzle” and the article is one of the most cited in international finance.

In 2001, Horioka was awarded the Seventh Japanese Economic Association Nakahara Prize (the Japanese equivalent of the John Bates Clark Medal), which is given annually to the most outstanding Japanese economist aged 45 or younger.