@incollection{iiasa14284, booktitle = {Aggregate Behaviour of Investment in China, 1953-96}, title = {Estimating Investment Functions Based on Cointegration}, address = {UK}, publisher = {Palgrave Macmillan}, year = {2001}, pages = {188--220}, doi = {10.1057/9780230513884\_6}, url = {https://pure.iiasa.ac.at/id/eprint/14284/}, isbn = {978-0-230-51388-4}, 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).}, author = {Sun, L.} }