Investment: Theories and Analyses / Edition 1

by Michelle Baddeley

Overview

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:	9780333915707
Publisher:	Bloomsbury Academic
Publication date:	03/14/2017
Edition description:	2003
Pages:	258
Product dimensions:	6.00(w) x 9.00(h) x 0.58(d)

About the Author

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