Anticipations and Investment Behavior in U. S. Manufacturing, 1947–1960
作者:
DaleW. Jorgenson,
JamesA. Stephenson,
期刊:
Journal of the American Statistical Association
(Taylor Available online 1969)
卷期:
Volume 64,
issue 325
页码: 67-89
ISSN:0162-1459
年代: 1969
DOI:10.1080/01621459.1969.10500955
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
The paper is concerned with testing an application of a theory of investment behavior based on the neo-classical theory of optimal capital accumulation. The demand for capital is determined to maximize net worth under the neo-classical conditions of production. With the assumption of a lag in the completion of investment projects, gross investment is a distributed lag function of period-to-period changes in desired capital stock.
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