Stock prices and dynamics of aggregate investment: evidence from Malaysia

• 第一著者: Ibrahim, Mansor
• フォーマット: 論文
• 言語: English
• 出版事項: Faculty of Economics and Management, Universiti Putra Malaysia 2008
• オンライン･アクセス: http://psasir.upm.edu.my/id/eprint/39426/1/39426.pdf; http://psasir.upm.edu.my/id/eprint/39426/; http://econ.upm.edu.my/ijem/vol2_no2.htm

The paper analyzes empirically the role of stock prices in the aggregate investment function for an emerging market, Malaysia. The neoclassical investment theory that relates investment to output and lending rate and augmented with stock prices is used as an empirical basis. Applying a series of tim...