Anoruo, Emmanuel and Kumar, Saten and DiPietro, Bill (2007): A Cointegration Analysis of Investment Output Ratio in Bangladesh. Forthcoming in: Indian Development Review : pp. 1-17.
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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.
|Item Type:||MPRA Paper|
|Original Title:||A Cointegration Analysis of Investment Output Ratio in Bangladesh|
|English Title:||A Cointegration Analysis of Investment Output Ratio in Bangladesh|
|Keywords:||Investment Output Ratio; Johansen Maximum Likelihood Method; Gregory Hansen Structural Break tests|
|Subjects:||O - Economic Development, Technological Change, and Growth > O2 - Development Planning and Policy > O23 - Fiscal and Monetary Policy in Development
E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook > E62 - Fiscal Policy
P - Economic Systems > P4 - Other Economic Systems > P41 - Planning, Coordination, and Reform
E - Macroeconomics and Monetary Economics > E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment > E22 - Capital; Investment; Capacity
R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R3 - Real Estate Markets, Production Analysis, and Firm Location > R34 - Input Demand Analysis
|Depositing User:||Saten Kumar|
|Date Deposited:||15. Dec 2009 08:09|
|Last Modified:||12. Feb 2013 12:35|
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