Econometric Studies of Investment Behavior: A Review

摘要: IN THIS PAPER the reader will find a review of econometric studies investment in fixed capital. A these through 1953 was given 1957 by J. Meyer and E. Kuh [86], detailed 1960 presented R. Eisner H. Strotz 1963 [36]. In this we concentrate on recent research time series expenditures for individual firms industries. Our point departure is flexible accelerator model originated B. Chenery [13, 1952] L. M. Koyck [74, 1954]. attention focused structure process. The desired level capital determined longrun considerations. Changes are transformed into actual geometric distributed lag fuinction-the specification has been subject wide variety alternative theories; theories do agree validity mechanism. Denoting K K+, adjusted toward its constant proportion difference between capital,