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: E22 E62 O23 P41 R34 (search for similar items in EconPapers)
Date: 2007-10-05
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/19338/1/MPRA_paper_19338.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:19338

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().