It is widely agreed that there has been a move within the United Kingdom away from one welfare state as traditionally understood towards a mixed economy of welfare, in which public, private, voluntary, and not-for-profit sectors are expected to work together. How the new mixed economy is...

This paper is concerned with the estimation and simulation of a model of aggregate private sector non-residential investment. Its interest in investment centres on two main issues: the first is the role of the equity market in the transmission mechanism, while the second is the possibility of...