Interest Rate Uncertainty, Investment and their Relationship on Different Industries; Evidence from Jiangsu, China

• Autorzy: Li Suyuan , Wu han , Adnan Khurshid
• Języki publikacji: EN

Abstrakty

EN

The aim of this study is to investigate the impact of real interest rate on investment level on different industries of Jiangsu, China over the period of 10 years from 2003 to 2012. The effect of interest rate on investment in different industries is tested by using static and dynamic panel-data model. The empirical evidences indicated that interest rate and investment are positively correlated. However, interest rate uncertainty has small impact on rate of investment in different industries. Industries like manufacturing, power, gas, and water industry, finance and real estate are more sensitive to interest rate fluctuation. Furthermore, evidence indicated that sensitivity of interest rate on investment is also low. It is suggested that government should accelerate the pace of interest rate liberalization and improve the sensitivity of investment to interest rate. The government should encourage rate sensitive industries in province. (original abstract)

Słowa kluczowe

EN

Interest rate; Investment; Panel data

PL

Stopa procentowa; Inwestycje; Dane panelowe

• Czasopismo: Journal of International Studies
• Rocznik: 2015
• Tom: 8
• Numer: nr 2
• Strony: 74--82

Twórcy

autor

Li Suyuan

• Ocean University of China

autor

Wu han

• Ocean University of China

autor

Adnan Khurshid

• Ocean University of China

Bibliografia

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Identyfikatory

DOI

10.14254/2071-8330.2015/8-2/7