IDEAS home Printed from https://ideas.repec.org/a/dat/econ21/y2013i2p9.html
   My bibliography  Save this article

An Econometric Analysis Of The Investment Function For Bulgaria Allowing For The Impact Of Structural Breaks

Author

Listed:
  • PETKOV, Plamen

    (D. A. Tsenov Academy of Economics)

Abstract

An investment function is a concept or strategy within economics that helps to identify the connection between shifts in the national income and the investment patterns that take place within that particular national economy. The present study uses the Vector Error Correction Model (VECM) to examine the long-run and short-run relationships between investment and some of its key determinants – real gross domestic product, inflation, discount rate and the Composite Financial Development Index. The econometric analysis is based on annual data referring to the period from 1991 to 2011. Three investment functions are estimated – total investment, private investment and foreign direct investment, and each function is analyzed both by not taking and by taking into consideration the tructural changes that occurred in the survey period.

Suggested Citation

  • PETKOV, Plamen, 2013. "An Econometric Analysis Of The Investment Function For Bulgaria Allowing For The Impact Of Structural Breaks," Economics 21, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 2, pages 1-9.
    • Handle: RePEc:dat:econ21:y:2013:i:2:p:9
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10610/1869
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dat:econ21:y:2013:i:2:p:9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kostadin Bashev (email available below). General contact details of provider: https://edirc.repec.org/data/tsenobg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.