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.
PART I: INTRODUCTION
An Overview of Concepts and Approaches
PART II: THEORETICAL ISSUES
The Intellectual Ancestors: Irving Fisher and Maynard Keynes
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
Statistical Appendix: Some Basic Econometric Techniques
MICHELLE BADDELEY is Fellow and College Lecturer in Economics at Gonville and Caius College, University of Cambridge.
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