Structural Cointegration Analysis of Private and Public Investment
Rosemary Rossiter
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Rosemary Rossiter: Department of Economics, Ohio University, U.S.A.
International Journal of Business and Economics, 2002, vol. 1, issue 1, 59-68
Abstract:
A structural cointegration approach is used to investigate the relationship between public and private investment, based on dataseries which include software in the definitions of investment. Empirical evidence for equipment suggests crowding out. However structures shows crowding in, supporting the infrastructure hypothesis.
Keywords: structural cointegration approach; public investment (search for similar items in EconPapers)
JEL-codes: C50 E22 E69 (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ijb:journl:v:1:y:2002:i:1:p:59-68
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