Appropriations Data and the Investment Decision
作者:
Edward Greenberg,
期刊:
Journal of the American Statistical Association
(Taylor Available online 1965)
卷期:
Volume 60,
issue 310
页码: 503-515
ISSN:0162-1459
年代: 1965
DOI:10.1080/01621459.1965.10480806
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
Several hypotheses which have been employed to explain firms' investment in plant and equipment are tested against the NICB quarterly series on new appropriations. Data for nine two-digit industries are used to estimate regression equations for each industry, using the efficient estimation technique of Zellner. Interesting industry differences appear; in particular, the least concentrated industries appear more sensitive to pressure on capacity, while the remaining industries seem more affected by financing considerations.
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