A Cointegration Analysis of Investment Output Ratio in Bangladesh

In this article, we have estimated a neo-classical model of investment augmented with real rate of interest to proxy the user cost of capital for Bangladesh. Our results reveal that there is a equilibrium relationship between investment output ratio, real output and real rate of interest. The long run relationship persists even in the presence of structural breaks in the model.

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Year of publication:	2007-10-05
Authors:	Anoruo, Emmanuel ; Kumar, Saten ; DiPietro, Bill
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Investment Output Ratio \| Johansen Maximum Likelihood Method \| Gregory Hansen Structural Break tests

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	O23 - Fiscal and Monetary Policy in Development ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; P41 - Planning, Coordination, and Reform ; E22 - Capital; Investment (including Inventories); Capacity
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10008587505