Ghassan, Hassan B. and AlDehailan, Salman (2009): اختبار التكامل المشترك غير الخطي بين الاستثمار الحكومي والاستثمار الخاص في الاقتصاد السعودي. Published in: Attaawun Quarterly Journal , Vol. 70, (26 April 2010): pp. 59-76.
This is the latest version of this item.
Preview |
PDF
MPRA_paper_56376.pdf Download (1MB) | Preview |
Preview |
PDF
MPRA_paper_80674.pdf Download (1MB) | Preview |
Abstract
This paper investigates the long-run relationship between the real private investment and the government investment in Saudi Arabia using a threshold cointegration test. The results show the stability of the private investment effect both above the threshold and mostly below the threshold. As if the negative discrepancies disappear more quickly than those positive which remain non-permanent. This finding reveals the strength of the Saudi Arabia economy in response to exogenous shocks and especially the negative ones.
Item Type: | MPRA Paper |
---|---|
Original Title: | اختبار التكامل المشترك غير الخطي بين الاستثمار الحكومي والاستثمار الخاص في الاقتصاد السعودي |
English Title: | Test of Non Linear Cointegration between Government Investment and Private Investment in Saudi Arabia Economy |
Language: | Arabic |
Keywords: | Investment, Public Investment, Threshold Cointegration, Saudi Arabia Economy. |
Subjects: | C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E22 - Investment ; Capital ; Intangible Capital ; Capacity |
Item ID: | 80674 |
Depositing User: | Professor Hassan Ghassan |
Date Deposited: | 08 Aug 2017 08:13 |
Last Modified: | 02 Dec 2024 19:37 |
References: | 1. AlHakmi A. Ottman (2002). Private Investment in Saudi Arabia: Cointegration and Error Correction. Review of Economic Studies 9(5), 1-25. (In Arabic Language) 2. AlJarah MA. And AlMhemed AA. (1997). Government Expenditures and Private Investment in Saudi Arabia: Empirical Study. Journal of the Gulf and Arabian Peninsula Studies 86, 83-93. (In Arabic Language) 3. AlHajhoj RH. And HB. Ghassan (2009). What is the Nature of the Relationship between Government Spending and Private Investment in Saudi Arabia? Attaawun Quarterly Journal 68, 15-38. (In Arabic Language) 4. Ahmed H., and S.M. Miller (2000). Crowding-out and Crowding-in Effects of the Components of Government Expenditure. Contemporary Economic Policy, 18(1), 124-133. 5. Arestis Ph. & Cipollini A. & B. Fattouh, (2004). Threshold Effects in the U.S. Budget Deficit. Economic Inquiry 42(2), Oxford University Press, 214-222. 6. Balke N.S., and T.B. Fomby (1997). Threshold Cointegration. International Economic Review, 38(3), 627-645. 7. Bajo-Rubio, O. & Diaz-Roldan, C. & V. Esteve (2006). Is the budget deficit sustainable when fiscal policy is non-linear? The case of Spain. Journal of Macroeconomics, 28(3), 596-608. 8. Central Department of Statistics and Information. Ministry of Economics and Planning, Riyadh, Saudi Arabia. (In Arabic Language) 9. Chan K.S. (1993). Consistency and Limiting Distribution of Least Squares Estimation of Threshold Autoregressive Model. The Annals of Statistics, 21, 520-533. 10. Cruz De Oliveira B., and J.R. Teixeira (1999). The Impact of Public Investment on Private Investment in Brazil, 1947-1990. CEPAL Review, 0(67), 75-84. 11. Enders W., and P.L. Siklos (2001). Cointegration and Threshold Adjustment. Journal of Business & Economic Statistics, 19, 166-176. 12. Enders W., and C.W.J. Granger (1998). Unit-root Tests and Asymmetric Adjustment with an Example using the Term Structure of Interest Rates. Journal of Business & Economics Statistics, 16, 304-321. 13. Ghassan HB. (2003). Public Spending and Private Investment: Test of Crowding-out Effects through Re-Sampling. Public Administration Journal 43(4), 727-754. (In Arabic Language) 14. Giavazzi F. and Jappelli T. and M. Pagano (2000). Searching for non-linear effects of fiscal policy: Evidence from industrial and developing countries. European Economic Review, 2000, vol. 44, issue 7, 1259-1289. 15. Harris R., and R. Sollis (2003). Applied Time Series Modelling and Forecasting. Wiley, West Sussex. 16. Khan M., and M.S. Kumar (1997). Public and Private Investment and the Growth Process in Developing Countries. Oxford Bulletin of Economics & Statistics, 59(1), 69-88. 17. Neely Ch. J., and D. E. Rapach (2008). Real Interest Rate Persistence: Evidence and Implications. Federal Reserve Bank of St-Louis Review, Nov.-Dec. 90(6), 609-641. 18. Ramirez M. D. (2000). The Impact of Public Investment on Private Investment Spending in Latin America: 1980-1995. Atlantic Economic Journal, 210-225. 19. SAMA (2007). Annual Report 43, Riyadh, Saudi Arabia. (In Arabic Language) 20. Shafik N. (1992). Modelling Private Investment in Egypt. Journal of Development Economics, 39(2), 263-77. 21. Rossiter R. (2002). Structural Cointegration Analysis of Private and Public Investment. International Journal of Business & Economic, 1(1), 59–67. 22. Ng, S., and P. Perron (2001). Lag length Selection and the Construction of Unit Root Tests with Good Size and Power. Econometrica, 69(6), 1519-1554. 23. Ng, S., and P. Perron (1995). Unit Root Tests in ARMA Models with Data-dependent Methods for the Selection of the Truncation Lag. Journal of the American Statistical Association, 90, 268-281. 24. Perron, P., and G. Rodriguez (2001). Residual based Tests for Cointegration with GLS Detrended Data. Manuscript, Boston University. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/80674 |
Available Versions of this Item
-
اختبار التكامل المشترك غير الخطي بين الاستثمار الحكومي والاستثمار الخاص في الاقتصاد السعودي. (deposited 06 Jun 2014 12:33)
- اختبار التكامل المشترك غير الخطي بين الاستثمار الحكومي والاستثمار الخاص في الاقتصاد السعودي. (deposited 08 Aug 2017 08:13) [Currently Displayed]