that this will lead to a dynamic factor model with the dominant unit acting as the factor. The problems of estimation and …

documented by Monte Carlo experiments. An empirical application to modelling of real GDP growth and investment-output ratios … dominant effects are found. The results also suggest that increase in investment as a share of GDP predict higher growth rate … that this will lead to a dynamic factor model with the dominant unit acting as the factor. The problems of estimation and …

models in economics as conditions for balanced growth, arbitrage or solvency, the empirical literature has tended to find …