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AA00260492-20080000-0039.pdf
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Download
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:1.5 MB
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| Last updated |
:Dec 16, 2009 |
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Total downloads since Dec 16, 2009 : 1110
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| Title |
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Factor Accumulation and Long-Run Output : A Panel Cointegration Study of the Indian Manufacturing Industries
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Pattnayak, Sanja Samirana
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Business Policy Department, NUS Business School, National University of Singapore, Singapore
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Thangavelu, Shandre M.
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Department of Economics, National University of Singapore, Singapore
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Keio Economic Society, Keio University
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2008
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Keio economic studies
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45
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2008
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39
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47
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Using panel cointegration techniques, we show the existence of long-run relationship between output and factor inputs for selected Indian manufacturing industries over the period 1981-1998 using the panel cointegration framework. Based on the panel vector autoregression error-correction model (PVEC), we found that inputs Granger cause output, which identify the production function for each industry under study.
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| Panel vector autoregression error-correctionmodel
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