The related literatures were reviewed. According to the data in 1984-2005, the long-run equilibrium relation and causality of household income and fixed assets investment in China were studied empirically. The results showed that the restrictions of income growth on fixed assets investment of...

This paper discusses the best way to formulate and estimate a dynamic econometric model when interest focuses mainly upon its long-run properties. Using results derived for the more general context of transformed regression models, it is shown how point estimates and the standard errors of...