The Dynamic Relationship between Real Interest Rate and Investment: An Empirical Analysis for Selected Pacific Island Countries

<p>This study investigates the short run and long run relationship between real interest rate and investment for selected PICs using a PMG - Panel ARDL approach for the period 1980 to 2016. The study reveals a significant negative relationship between real interest rate and investment in long...

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Bibliographic Details
Main Author: Shabnam Sazma Bano
Format: Article
Language:English
Published: EconJournals 2018-09-01
Series:International Journal of Economics and Financial Issues
Online Access:https://www.econjournals.com/index.php/ijefi/article/view/6827