Integrating Tobin's Q with Goodwin's Nonlinear Accelerator

This paper derives an optimal investment function that combines Tobin's q with Goodwin's nonlinear accelerator. It provides microfoundations to the backward looking behaviour of investment in Goodwin's model, and simultaneously allows the study of Tobin's q into a business cycle model.

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Year of publication:	2000-05-01
Authors:	Faria, Joao Ricardo
Institutions:	Finance Discipline Group, Business School
Subject:	investment \| business cycles \| tobin's q

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Extent:	application/pdf
Series:	Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	Number 104
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005073721