UK Business Investment: Long-Run Elasticities and Short-Run Dynamics
نویسندگان
چکیده
منابع مشابه
Uk Business Investment: Long-run Elasticities and Short-run Dynamics
Theory tells us that output, the capital stock and the user cost of capital are cointegrated. From the capital accumulation identity, it also follows that the capital stock and investment have a long-run proportional relationship. This has been used to justify the estimation of investment equations embodying a long-run relation between investment and output, rather than between the capital stoc...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2003
ISSN: 1556-5068
DOI: 10.2139/ssrn.530682