Investment: Theories and Analyses

Investment: Theories and Analyses

by Michelle Baddeley


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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.

Product Details

ISBN-13: 9780333915691
Publisher: Macmillan Education UK
Publication date: 07/04/2003
Edition description: 2003
Pages: 258
Product dimensions: 6.10(w) x 9.25(h) x 0.02(d)

About the Author

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

Table of Contents

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.

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