Kumar, Saten - In: The IUP Journal of Applied Economics VIII (2009) 3-4, pp. 38-47
: This paper estimates a neoclassical investment equation for selected Asia-Pacific developing countries Thailand, Philippines, Indonesia, Singapore, Fiji, Samoa and Vanuatu. The Hendry s General-to-Specific (GETS) approach is used and the results imply that the income elasticity is unity and...