Unlinear Relationship Between Interest Rate And Investment
Based on the summary of theoretical studies on relationship between interest rate and investment, and empirical researches related, we find that the discussions about their relationship establish on linear relationship, but there are different conclusions. This paper uses a nonlinear method named Smooth Transition Regression Model (LSTR) to analyze the relation between the interest rate and investment. Empirical analysis shows that, the impact of interest rate on investment is nonlinear. The way of operation on interest rate policy in our country remains to be optimized in future.
Interest Rate Investment Nonlinear Smooth Transition Regression Unit Root Test
Li Nancheng Lai Yanmei
School of Statistics, Southwest University of Finance & Economics, Chengdu 610074
国际会议
2008年国际应用统计学术研讨会(2008 International Institute of Applied Statistics Studies)
烟台
英文
1-10
2008-08-14（万方平台首次上网日期，不代表论文的发表时间）