Reassessing the Classical Investment Function. A Panel Data Analysis from NAFTA-USMCA

IF 0.2 4区 经济学 Q4 ECONOMICS
Fahd Boundi Chraki
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引用次数: 0

Abstract

This study applies the second generation of panel cointegration techniques in conjunction with those estimators that control cross-sectional dependence to test the plausibility of the classical approach to capital accumulation in Canada, Mexico, and the United States from 1960 to 2019 empirically. The findings suggest that private investment is positively related to the profit rate, unit labour costs, and growth in demand in both the short and long-run, while the causality analysis indicates potential feedback loops between the variables.
重新评估经典投资函数。来自NAFTA-USMCA的小组数据分析
本研究将第二代面板协整技术与控制横截面依赖性的估计量相结合,实证检验加拿大、墨西哥和美国1960年至2019年资本积累经典方法的合理性。研究结果表明,私人投资与短期和长期的利润率、单位劳动力成本和需求增长呈正相关,而因果关系分析表明,变量之间存在潜在的反馈回路。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
0.90
自引率
20.00%
发文量
30
审稿时长
20 weeks
期刊介绍: a Revista de Economía Mundial (REM) ISSN: 1576-0162 es una publicación cuatrimestral editada por la Sociedad de Economía Mundial. Se trata de una Revista científica internacional que se encuentra reseñada en prestigiosos índices internacionales.
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