Residential investment, non-residential investment and GDP

被引:50
|
作者
Coulson, NE [1 ]
Kim, MS
机构
[1] Penn State Univ, University Pk, PA 16802 USA
[2] Korean Res Inst Human Settlement, Seoul, South Korea
关键词
D O I
10.1111/1540-6229.00800
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
We examine the causality and influence of residential and non-residential investment with respect to GDP and its components in a multivariate, vector autoregressive context, with some care devoted to the appropriate orthogonalization of the shocks which drive the various components of GDP. We find that residential investment shocks are more important in the determination of GDP than non-residential investment shocks.
引用
收藏
页码:233 / 247
页数:15
相关论文
共 50 条