Research at Kingston University

Sanchez-Fung, Jose R. (2009) Modelacion de la inversion en Centroamerica y la Republica Dominicana. Cuadernos de Economia, 28(51), pp. 245-264. ISSN (print) 0121-4772

Full text available as:

Preview

Text Sanchez-Fung-11799.pdf - Published Version Available under License Creative Commons Attribution. Download (256Kb) | Preview

Abstract

This paper models aggregate investment in Costa Rica, El Salvador, Guatemala, Honduras, and the Dominican Republic using annual time series spanning the last four decades of the 20th century. The analysis reveals cointegrating investment functions. The short run dynamic modelling estimates a significant impact from output growth on investment growth in all the economies. But interest rates, and uncertainty and government activity measures, are not consistently relevant in explaining investment dynamics.

Item Type:	Article
Uncontrolled Keywords:	investment, uncertainty, Ricardian equivalence, cointegration, equilibrium correction models, Central America, Dominican Republic
Research Area:	Economics and econometrics
Faculty, School or Research Centre:	Faculty of Arts and Social Sciences > School of Economics (until November 2012)
Depositing User:	Susan Miles
Date Deposited:	02 Mar 2010 10:08
Last Modified:	16 Jul 2012 21:49
URI:	http://eprints.kingston.ac.uk/id/eprint/11799

Actions (Repository Editors)

Item Control Page