In this paper we have a threefold objective. Firstly, to identify the principal macroeconomic determinants of U.K. private sector investment. Secondly, to examine the effects of private investment on aggregate supply. Finally, we attempt to integrate the effects of public sector investment and...

Using data from the 1981 Family Expenditure Survey we estimate a logit model for the choice between unemployment and employment, using explanatory variables such as tax and social security benefit rates. Other variables represent the characteristics of the households in the survey and...