Estimating Investment Functions Based on Cointegration

Sun, L. (2001). Estimating Investment Functions Based on Cointegration. In: Aggregate Behaviour of Investment in China, 1953–96. pp. 188-220 UK: Palgrave Macmillan. ISBN 978-0-230-51388-4 10.1057/9780230513884_6.

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Abstract

The purpose of this chapter is to model both investment growth and cycle without artificially imposing a separation between them. This will be done by establishing both a long-run equilibrium investment level (adjustment) function and a short-run investment growth rate cycle (adjustment) equation based on the recently developed cointegration and error correction approaches. This chapter is an extended version of Sun (1998a).

Item Type:	Book Section
Research Programs:	Modeling Land-Use and Land-Cover Changes (LUC)
Depositing User:	Romeo Molina
Date Deposited:	19 Jan 2017 15:14
Last Modified:	27 Aug 2021 17:41
URI:	https://pure.iiasa.ac.at/14284

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