Structural Cointegration Analysis of Private and Public Investment

A structural cointegration approach is used to investigate the relationship between public and private investment, based on dataseries which include software in the definitions of investment. Empirical evidence for equipment suggests crowding out. However structures shows crowding in, supporting the infrastructure hypothesis.

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Year of publication:	2002
Authors:	Rossiter, Rosemary
Published in:	International Journal of Business and Economics. - College of Business, ISSN 1607-0704. - Vol. 1.2002, 1, p. 59-68
Publisher:	College of Business
Subject:	structural cointegration approach \| public investment

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	C50 - Econometric Modeling. General ; E22 - Capital; Investment (including Inventories); Capacity ; E69 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010600616