haku: @indexterm Regression analysis / yhteensä: 420
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| Tekijä: | Nason, J. M. Rogers, J. H. |
| Otsikko: | Investment and the Current Account in the Short Run and the Long Run |
| Lehti: | Journal of Money, Credit and Banking
2002 : NOV, VOL. 34:4, p. 967-986 |
| Asiasana: | INVESTMENT ANALYTICAL REVIEW MODELS REGRESSION ANALYSIS |
| Kieli: | eng |
| Tiivistelmä: | Theoretical models of the relationship between investment and the current account impose restrictions on the joint dynamic behavior of these variables. These restrictions come in two forms. One imposes causal orderings on investment and the current account. The other restriction concerns the permanent responses of these variables to different shocks. The authors use these restrictions to identify empirically structural shocks from vector autoregressions of investment and the current account for Canada. Under certain identifications, the authors' results support the implications of the intertemporal, small open economy model. However, these results are sensitive to perturbations of the identifications. |
SCIMA