Investment - 1st Edition - ISBN: 9780444851383, 9781483256900

Investment, Volume 13

1st Edition

The Study of an Economic Aggregate

Authors: Philip J. Lund
Editors: C. J. Bliss M. D. Intriligator
eBook ISBN: 9781483256900
Imprint: North Holland
Published Date: 1st January 1971
Page Count: 176
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Table of Contents


Chapter 1 Introduction

1.1 Types of Investment

1.2 Investment in the United Kingdom, 1900-67

1.3 Investment in the United States, 1929-67

1.4 Fixed Investment and Economic Growth

Chapter 2 Theories of Aggregate Investment

2.1 The Level of Aggregation

2.2 Innovation and Autonomous Investment

2.3 The Neoclassical Theory of Capital Accumulation

2.4 Criticisms of the Neoclassical Theories

2.5 Sources of Funds

2.6 The Acceleration Principle

2.7 Replacement Investment

2.8 Expectations About the Future

2.9 Capital Stock Adjustment Models

2.10 Tax Incentives and Disincentives to Investment

2.11 Time Lags

Chapter 3 Statistical and Questionnaire Studies

3.1 Statistical Studies

3.2 Interview and Questionnaire Studies

Chapter 4 Estimation of Lag Distributions

4.1 Introduction

4.2 Geometrically Declining Lag Distributions

4.3 Pascal and Rational Distributions

4.4 Other Stable Lag Distributions

4.5 Variable Lag Distributions

4.6 First-in First-Out Method

Chapter 5 Econometric Studies

5.1 United Kingdom Studies

5.2 United States Studies

5.3 Two-Stage Studies of Investment

5.4 Guidelines for Future Research


Author Index

Subject Index


Advanced Textbooks in Economics: Investment: The Study of an Economic Aggregate focuses on the principles, methodologies, and approaches involved in the determination of investments.

The book first offers information on the theories of aggregate investment and statistical and questionnaire studies. Discussions focus on statistical studies, tax incentives and disincentives to investment, capital stock adjustment models, acceleration principle, replacement investment, level of aggregation, sources of funds, neoclassical theory of capital accumulation, and tax incentives and disincentives to investment. The text then examines the estimation of lag distributions, including geometrically declining lag distributions, Pascal and rational distributions, variable lag distributions, and the first-in first-out method. The publication ponders on econometric studies, as well as United Kingdom and United States studies, two-stage studies of investment, and guidelines for future research.

The text is a dependable source of information for economists and researchers interested in economic aggregates.


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© North Holland 1971
North Holland
eBook ISBN:

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About the Authors

Philip J. Lund Author

About the Editors

C. J. Bliss Editor

M. D. Intriligator Editor