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2015 | 8 | nr 1 | 81--90
Tytuł artykułu

The Effect of Interest Rate on Investment : Empirical Evidence of Jiangsu Province, China

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The main reason of this study is to test the interest rate impact on investment in Jiangsu Province of China. Jiangsu has the largest quantity of investment in China. For long run, nexus Johansen Co-integration test is employed. Whereas, vector error correction model (VECM) is used to find short run association over the period of 2003-2012. The results indicate that there is a long-term relationship association among variables. It has negative relation in the long run but positive in short run. This research also produces suggestions that will help in terms of interest rate policy as well as improving investment that promotes economic growth in Jiangsu Province. (original abstract)
Opis fizyczny
  • Ocean University of China
  • Ocean University of China
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