We use disaggregated data on the components of private fixed investment (PFI) to estimate industry-level responses of … real investment and capital prices to unanticipated monetary policy. The response functions derive from a restricted large …-scale VAR estimated over 1959-2007. Our results point to significant cross-sector heterogeneity in the behavior of PFI prices …

The aim of this paper is to empirically examine the relationship between saving and investment for 6 Middle East and … Model techniques. The long run estimation reveals causality between investment and saving for the entire sample. The Granger … causality tests confirm this result and validate the presence of bidirectional causal relationship between investment and saving …

This study investigates the relationship between saving, investment and economic growth for India over the period 1950 … test show that higher saving and investment lead to higher economic growth, but the reciprocal causality is not observed …. Further, it is empirically evident that saving and investment led growth is coming from the household sector. It may be …

A large body of empirical work has established the signi¯cance of cash flow in explain- ing investment dynamics. This … time-to-build for capital projects creates an investment cash flow sensitivity as found in empiri- cal studies that may not … be indicative of capital market frictions. The result is due to mis-specification present in empirical investment …

A large body of empirical work has established the significance of cash flow in explain- ing investment dynamics. This … time-to-build for capital projects creates an investment cash flow sensitivity as found in empiri- cal studies that may not … be indicative of capital market frictions. The result is due to mis-specification present in empirical investment …

Johansen cointegration rank test based on a VAR representation, which is also proved to be an adequate one via a set of … are cointegrated in corresponding intervals. The VAR and vector error correction (VEC) models are estimated and provide …

variety of specification tests and the Johansen cointegration rank test based on the VAR representation. Both approaches … considering the time lead and the existence of a cointegrating relation. VAR and VECM representations do not provide any …

This paper, using the Turkish data, employs a VAR model to decompose permanent and transitory shocks on consumption and … analyses, runs impulse responses and variance decompositions through VAR analyses. At the end of this study, one can reach the …

response of many more variables to policy uncertainty than is possible in a simple VAR model. Our results summarized by impulse …