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Testing the impact of disaggregated investment on Economic growth

Author

Listed:
  • Meryem Duygun Fethi

    (University of Leicester)

  • Salih Turan Katirciglu

    () (BANKING AND FINANCE EASTERN MEDITERRANEAN UNIVERSITY)

  • Sami Fethi

    (Eastern Mediterranean University)

Abstract

This paper investigates the link between different disaggregating of investment and economic growth based on the exogenous growth model in order to shed light on which type of disaggregated investment can better promote economic growth in the Cyprus economy. We employed multivariate cointegration and causality techniques for analysing a disaggregated investment version of the Augmented Solow Growth model, which basically embodies investment in the tourism sector and investment in the non-tourism sector by adopting the framework introduced by Mankiw et al. (1992), by Benhabib and Spiegel (1994), and Temple (1998)

Suggested Citation

  • Meryem Duygun Fethi & Salih Turan Katirciglu & Sami Fethi, 2006. "Testing the impact of disaggregated investment on Economic growth," Computing in Economics and Finance 2006 370, Society for Computational Economics.
  • Handle: RePEc:sce:scecfa:370
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    References listed on IDEAS

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    More about this item

    Keywords

    Disaggregating investment; exogenous growth; co-integration analysis; small island economies; Cyprus;

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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