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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 …
Persistent link: https://www.econbiz.de/10011275130
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 …
Persistent link: https://www.econbiz.de/10011259639
This paper analyzes a model of investment with fixed investment costs and capital market imperfections. In this model … finance influences the level of capital firms hold, as well as the frequency at which they invest. In consequence investment …, when the short-run investment function is estimated, liquidity has a significant impact, which is also strongest for strong …
Persistent link: https://www.econbiz.de/10005076705
This paper contributes to the debate on the relationship between public-capital accumulation and private investment in … the past three decades, we study whether public investment in recent years has become more or less complementary to … private investment in comparison to the period before 1980. Second, we construct a novel data-set of quarterly aggregate …
Persistent link: https://www.econbiz.de/10012998775
There is often assumed to be a unit elasticity of substitution between capital and labour. But estimates based on neoclassical capital demand equations frequently find a smaller value. Recent time-series work for the United States and Canada has suggested that, once the biases inherent in...
Persistent link: https://www.econbiz.de/10014219260
macroeconomic effects of public and private investment through VAR analysis. From impulse response functions, we are able to assess … the extent of crowding-in or crowding-out of both components of investment. We also compute the associated macroeconomic … rates of return of public and private investment for each country. The results point mostly to the existence of positive …
Persistent link: https://www.econbiz.de/10014220513
This paper contributes to the debate on the relationship between public and private investment in India along the … decades, we study whether public investment in recent years has become more or less complementary to private investment in … comparison to the period before 1980. Second, we construct a novel data-set of quarterly aggregate public and private investment …
Persistent link: https://www.econbiz.de/10014236678
identity, it also follows that the capital stock and investment have a long-run proportional relationship. The dynamic … been used to justify the estimation of investment equations embodying a reduced-form long-run relationship between … investment and output (rather than between the capital stock and output). In this paper, a new investment equation is estimated …
Persistent link: https://www.econbiz.de/10014072277
Since the 2008 crisis, public investment as a proportion of GDP has declined significantly both in Spain and in other …) programme. Public investment’s effect on economic activity will depend, among other factors, on its impact on private investment … investment using the structural vector autoregressive (SVAR) approach. The results suggest that, on average, increases in public …
Persistent link: https://www.econbiz.de/10014082889
to U.S. domestic investment data illustrates the method. Dans cet article, nous proposons des procédures d …
Persistent link: https://www.econbiz.de/10005100872