The current study examines the relationship between GDP fluctuations and private investment by using macro panel … test, unit root test under cross sectional dependence, panel cointegration and Group Mean Fully Modified OLS (GM …-FMOLS) estimation. The study finds a long-run co-integrating relationship between GDP fluctuations and private investment in the SSAC …

by dividing the supply shocks such as neutral and investment-specific technology into surprise part and anticipated part … investment-specific as well as neutral technology are the major component that drives Japanese economic movements: The surprise … of the movements in consumption. The surprise investment-specific technology shocks seem not to be important in …

investments and property prices may affect building activity. Here, the method of cointegration is used to estimate the wealth … effect and the investment effect in aggregate time series for Germany after the Reunification in 1990. Moreover, we discuss …