A Cointegration Analysis of Investment Output Ratio in Bangladesh

Emmanuel Anoruo (), Saten Kumar () and Bill DiPietro

MPRA Paper from University Library of Munich, Germany

Abstract: In this article, we have estimated a neo-classical model of investment augmented with real rate of interest to proxy the user cost of capital for Bangladesh. Our results reveal that there is a equilibrium relationship between investment output ratio, real output and real rate of interest. The long run relationship persists even in the presence of structural breaks in the model.

Keywords: Investment Output Ratio; Johansen Maximum Likelihood Method; Gregory Hansen Structural Break tests (search for similar items in EconPapers)
JEL-codes: O23 E62 P41 E22 R34 (search for similar items in EconPapers)
Date: 2007-10-05
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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:19338

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