Investment: Theories and Analyses

ISBN-13: 9780333915691 / Angielski / Twarda / 2003 / 258 str.

Michelle Baddeley

Opis

Investment provides an examination of the key macroeconomic theories which underpin fixed asset investment. It would make ideal reading for an intermediate level macroeconomics course or a module on fixed asset investment taking an applied macroeconomic perspective.

Spis treści

PART I: INTRODUCTION.- Introduction.- An Overview of Concepts and Approaches.- PART II: THEORETICAL ISSUES.- The Intellectual Ancestors: Irving Fisher and Maynard Keynes.- Accelerator Theory.- Jorgenson's Model of Investment.- The Limitations of Jorgenson's Model.- Putty Clay Models of Investment.- Adjustment Costs and q Theory.- Uncertainty and Investement.- Post Keynesian Analysis of Investment.- PART III: TESTING THE THEORIES.- Comparing Jorgenson's Model and Accelerator Theory: Evidence from the UK.- Uncertainty in Competing Models of Investment: Evidence from the USA.- PART IV: EMPIRICAL APPLICATIONS OF INVESTMENT PRINCIPLES.- Computing Investment in the New Economy: US Evidence.- Investment and Development: A Cross Sectional Analysis.- Residential Investment: Bubbles and Crashes in the UK Housing Market 1980-99.- PART V: CONCLUSION.- Concluding Remarks.- Bibliography.- Statistical Appendix: Some Basic Econometric Techniques.- Glossary.

O autorze

MICHELLE BADDELEY is Fellow and College Lecturer in Economics at Gonville and Caius College, University of Cambridge.