Lund / Bliss / Intriligator Investment

The Study of an Economic Aggregate
1. Auflage 2014
ISBN: 978-1-4832-5690-0
Verlag: Elsevier Science & Techn.
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, Band Volume 13, 176 Seiten, Web PDF

Reihe: Advanced Textbooks in Economics

Advanced Textbooks in Economics: Investment: The Study of an Economic Aggregate focuses on the principles, methodologies, and approaches involved in the determination of investments. The book first offers information on the theories of aggregate investment and statistical and questionnaire studies. Discussions focus on statistical studies, tax incentives and disincentives to investment, capital stock adjustment models, acceleration principle, replacement investment, level of aggregation, sources of funds, neoclassical theory of capital accumulation, and tax incentives and disincentives to investment. The text then examines the estimation of lag distributions, including geometrically declining lag distributions, Pascal and rational distributions, variable lag distributions, and the first-in first-out method. The publication ponders on econometric studies, as well as United Kingdom and United States studies, two-stage studies of investment, and guidelines for future research. The text is a dependable source of information for economists and researchers interested in economic aggregates.

Autoren/Hrsg.

Lund, Philip J.

Bliss, C. J.

Intriligator, M. D.

Inhaltsverzeichnis

1;Front Cover;1
2;Investment: The Study of an Economic Aggregate;4
3;Copyright Page;5
4;Table of Contents;8
5;PREFACE;6
6;CHAPTER 1. INTRODUCTION;10
6.1;1.1 Types of investment;10
6.2;1.2 Investment in the United Kingdom, 1900–67;13
6.3;1.3 Investment in the United States, 1929–67;19
6.4;1.4 Fixed investment and economic growth;26
7;CHAPTER 2. THEORIES OF AGGREGATE INVESTMENT ;30
7.1;2.1 The level of aggregation;30
7.2;2.2 Innovation and autonomous investment;33
7.3;2.3 The neoclassical theory of capital accumulation;34
7.4;2.4 Criticisms of the neoclassical theories;45
7.5;2.5 Sources of funds;47
7.6;2.6 The acceleration principle;52
7.7;2.7 Replacement investment;57
7.8;2.8 Expectations about the future;60
7.9;2.9 Capital stock adjustment models;62
7.10;2.10 Tax incentives and disincentives to investment;69
7.11;2.11 Time lags;74
8;CHAPTER 3. STATISTICAL AND QUESTIONNAIRE STUDIES;77
8.1;3.1 Statistical studies;78
8.2;3.2 Interview and questionnaire studies;85
9;CHAPTER 4. ESTIMATION OF LAG DISTRIBUTIONS;101
9.1;4.1 Introduction;101
9.2;4.2 Geometrically declining lag distributions;104
9.3;4.3 Pascal and rational distributions;112
9.4;4.4 Other stable lag distributions;119
9.5;4.5 Variable lag distributions;125
9.6;4.6 First-in first-out method;127
10;CHAPTER 5. ECONOMETRIC STUDIES ;133
10.1;5.1 United Kingdom studies;133
10.2;5.2 United States studies;139
10.3;5.3 Two-stage studies of investment;152
10.4;5.4 Guidelines for future research;158
11;Bibliography;162
12;Author Index;170
13;Subject Index;174