Author: Erkki K. Laitinen
Publisher:
ISBN: 9789516791268
Category :
Languages : en
Pages :

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Book Description

Author: J.E.J. Plasmans
Publisher: Springer
ISBN: 9789023729211
Category : Business & Economics
Languages : en
Pages : 350

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Book Description
During the last decade, the econometric study of investment behaviour has developed from the descriptive construction of empirical investment equations, as first performed by J. Tinbergen in his well-known 19- publication: 'A Method and its Application to Investment Activity', to the empirical testing of increasingly explicit theories of production behaviour. It was principally D. Jorgenson who gave a great push to this intensified interest in micro-economic investment, with his famous 1965-paper: 'Anticipation and Investment Behaviour', in which he formulated a pure neoclassical model of investment behaviour under the conditions of a (simple) homogeneous production technology and perfectly competi tive markets. But, although the scope of the familiar flexible accelerator model was considerably extended by the introduction of relative factor prices, the resulting investment relationship generally remained one of the most ill-estimated equations in econometric models. The very rigid assumptions of pure neoclassical models might have caused these bad results. More over, the required ex post measure for aggregate capital stock is very deficient for most economies. Hence, it should be interesting to formulate investment models subject to less rigid restrictions on production and market behaviour and, preferably, not containing any measure of aggre gate capital stock.

Author: D. P. Broer
Publisher:
ISBN:
Category :
Languages : en
Pages : 60

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Book Description

Author: J.E.J. Plasmans
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: Timothy R. Muzondo
Publisher: Kingston, Ont. : Institute for Economic Research, Queen's University
ISBN:
Category : Business enterprises
Languages : en
Pages : 52

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Book Description

Author: Timothy Rungano Muzondo
Publisher: c1975.
ISBN:
Category : Business enterprises
Languages : en
Pages : 394

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Book Description

Author: Murali Patibandla
Publisher: Oxford University Press
ISBN: 0190991941
Category : Business & Economics
Languages : en
Pages : 256

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Book Description
In the last four decades the world has been significantly impacted by globalization and rapid technological changes. This in turn had major effects on the global economy. Several developing and socialist economies that earlier followed closed door and import substitution policies started to open up their economies to world trade and investments. Some such countries, as India, managed to achieve a degree of economic prosperity over the last few years after opening up their economy. The analyses in this book show that there are significant benefits from international trade and investment to emerging economies that possess critical-level initial conditions in technology, infrastructure, and ease of doing business, and also have friendly policies. Focusing on Indian firms, the book spans the period from the pre-reform era to the post-reform era, when the market was responding to policy reforms and global market dynamics. The reforms, it argues, resulted in positive outcomes of increased outward orientation and annual growth rates. The book also comments on the economic and institutional factors that change over time, locally as well as globally, and affect the behaviour of firms and industries.

Author: D. P. Broer
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 56

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Book Description

Author: Dale Weldeau Jorgenson
Publisher:
ISBN:
Category :
Languages : en
Pages : 53

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Book Description

Author: Ciaran Driver
Publisher: Routledge
ISBN: 1134641796
Category : Business & Economics
Languages : en
Pages : 390

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Book Description
Investment - in both facilities and know-how - is essential for growth. Economists try to understand the forces that determine investment, but investment behaviour is unruly; often the term animal spirits is used to explain the resulting volatility. This volume presents studies to explain international investment behaviour and assess its impact on growth and jobs. The authors also examine policy measures to reverse the climate of low investment that has characterised recent decades. The contributors examine how well standard models of investment work, the role of finance constraints, the effect of risk and uncertainty, the impact of alternative forms of corporate governance, the forces shaping the adoption of new technology, the impact of foreign direct investment, the effect of investment on the NAIRU and the causal structure of investment and growth. Editors introductions to the different sections of the book provide comprehensive overviews of the main theories of investment, the impact of investment on growth and employment and examine the main questions raised for policy makers.