Showing 71 - 80 of 86,023
misspecification due to the q-ratio being an insufficient statistic for determining investment. The function recovered from Indian 2013 … WBES data is able to explain both lumpy and serially correlated investment …
Persistent link: https://www.econbiz.de/10013241137
) Precautionary investment: investment in solving the Y2K problem begins before the year 2000; (2) Investment delay: although economic … agents have been aware of the Y2K problem since the 1960s, investment did not begin until recently; (3) Investment …
Persistent link: https://www.econbiz.de/10011576826
macroeconomic model of investment cycles. The integrated description embodies the qualitative results of the myopic herding model in … a medium run investment objective of smoothing the capital stock adjustment process. lt features a completely … aggregate investment series by a multitude of different periodicities and phases on the individual level. Finally, based on …
Persistent link: https://www.econbiz.de/10010440976
In this paper we present a theory of the financing of investment in a modern capitalist economy, following the approach … section we present the investment theory of the business cycle developed by John Maynard Keynes, and then examine Minsky …’s extension that added a financial theory of investment. This allowed Minsky to analyze the evolution, over time, of the modern …
Persistent link: https://www.econbiz.de/10003773512
: (1) Precautionary investment: investment in solving the Y2K problem begins before the year 2000; (2) Investment delay …: although economic agents have been aware of the Y2K problem since the 1960s, investment did not begin until recently; (3 …) Investment acceleration: as the new millennium approaches, the amount of resources allocated to solving the Y2K problem increases …
Persistent link: https://www.econbiz.de/10014204828
We study an optimal growth model with one-hoss-shay vintage capital, where labor resources can be allocated freely either to production, technology adoption or capital maintenance. Technological progress is partly embodied. Adoption labor increases the level of embodied technical progress....
Persistent link: https://www.econbiz.de/10014056214
Large and sustained differences in marginal products of capital (MPKs) across countries are sharply at odds with the core implications of the neoclassical framework. Lucas (1990) and many subsequent studies have examined reasons for this MPK differential. In a recent contribution, Caselli and...
Persistent link: https://www.econbiz.de/10010264438
We study the effect of menu costs on the pricing behavior of sellers and on the cross-sectional distribution of prices in the search-theoretic model of imperfect competition of Burdett and Judd (1983). We find that, when menu costs are small, the equilibrium is such that sellers follow a (Q, S,...
Persistent link: https://www.econbiz.de/10012974320
The paper analyzes investment behavior of industrial enterprises in the period immediately following price and foreign … microeconomic decisions. A dynamic investment function with symmetric adjustment cost function based on the Euler equation has been … estimated. The derived and estimated investment function accounts for export sales in order to determine whether firms evaluate …
Persistent link: https://www.econbiz.de/10005677415
Persistent link: https://www.econbiz.de/10000638169