Reimers, Hans-Eggert; Herwartz, Helmut - In: Economics Bulletin 3 (2002) 15, pp. 1-11
The balanced growth and stochastic growth theory implies stable investment-output and consumption-output ratios. Our analysis supports cointegration between investment and output (IO-model) as well as consumption and output (CO-model) for single countries. Pooling the data we find cointegration...
