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

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.

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Official URL:	http://www.revistas.unal.edu.co/index.php/ceconomi...
Item Type:	Article
Uncontrolled Keywords:	investment, uncertainty, Ricardian equivalence, cointegration, equilibrium correction models, Central America, Dominican Republic
Research Area:	Research Areas > Economics and econometrics
Faculty, School or Research Centre:	Faculty of Arts and Social Sciences (until 2017) > School of Economics (until November 2012)
Date Deposited:	02 Mar 2010 10:08
Last Modified:	06 Oct 2020 13:44
URI:	https://eprints.kingston.ac.uk/id/eprint/11799

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