Modelacion de la inversion en Centroamerica y la Republica Dominicana

Jose R. Sanchez-Fung

Modelacion de la inversion en Centroamerica y la Republica Dominicana

Jose R. Sanchez-Fung

Research output: Contribution to journal › Article › peer-review

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.

Original language	English
Pages (from-to)	245-264
Journal	Cuadernos de Economia
Volume	28
Issue number	51
Publication status	Published - 2009
Externally published	Yes

Keywords

Central America
Dominican Republic
Economics and econometrics
Ricardian equivalence
cointegration
equilibrium correction models
investment
uncertainty

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Sanchez-Fung-11799Final published version, 257 KBLicence: CC BY

http://www.revistas.unal.edu.co/index.php/ceconomia/article/view/12080

Cite this

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title = "Modelacion de la inversion en Centroamerica y la Republica Dominicana",

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.",

keywords = "Central America, Dominican Republic, Economics and econometrics, Ricardian equivalence, cointegration, equilibrium correction models, investment, uncertainty",

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AU - Sanchez-Fung, Jose R.

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AB - 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.

KW - Central America

KW - Dominican Republic

KW - Economics and econometrics

KW - Ricardian equivalence

KW - cointegration

KW - equilibrium correction models

KW - investment

KW - uncertainty

M3 - Article

SN - 0121-4772

VL - 28

SP - 245

EP - 264

JO - Cuadernos de Economia

JF - Cuadernos de Economia

IS - 51

ER -

Modelacion de la inversion en Centroamerica y la Republica Dominicana

Abstract

Keywords

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