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Table of contents

  1. Front Matter
    Pages i-xiv
    PDF

  2. Overview

    1. Front Matter
      Pages 1-1
      PDF
    2. Introduction
      M. C. Baddeley
      Pages 3-7
    3. An overview of concepts and approaches
      M. C. Baddeley
      Pages 8-19

  3. Theoretical Issues

    1. Front Matter
      Pages 21-21
      PDF
    2. Intellectual ancestors: Irving Fisher and Maynard Keynes
      M. C. Baddeley
      Pages 23-46
    3. Accelerator theory
      M. C. Baddeley
      Pages 47-56
    4. Jorgenson’s model of investment
      M. C. Baddeley
      Pages 57-65
    5. The limitations of Jorgenson’s model
      M. C. Baddeley
      Pages 66-78
    6. Putty-clay models of investment
      M. C. Baddeley
      Pages 79-91
    7. Adjustment costs and q theory
      M. C. Baddeley
      Pages 92-108
    8. Uncertainty and investment
      M. C. Baddeley
      Pages 109-123
    9. Post Keynesian analyses of investment
      M. C. Baddeley
      Pages 124-135

  4. Testing the Theories

    1. Front Matter
      Pages 137-137
      PDF
    2. Comparing Jorgenson’s model and accelerator theory: evidence from the UK
      M. C. Baddeley
      Pages 139-148
    3. Uncertainty in competing models of investment: evidence from the USA
      M. C. Baddeley
      Pages 149-159

  5. Empirical Applications of Investment Principles

    1. Front Matter
      Pages 161-161
      PDF
    2. Computing investment in the New Economy: US evidence
      M. C. Baddeley
      Pages 163-180
    3. Investment and development: a cross-sectional analysis
      M. C. Baddeley
      Pages 181-192
    4. Residential investment: bubbles and crashes in the UK housing market, 1980–99
      M. C. Baddeley
      Pages 193-208

  6. Conclusion

    1. Front Matter
      Pages 209-209
      PDF
    2. Concluding remarks
      M. C. Baddeley
      Pages 211-216
  7. Back Matter
    Pages 217-258
    PDF

About this book

Introduction

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.

Keywords

econometrics Keynes macroeconomics

Authors and affiliations

  • M. C. Baddeley
    • 1
  1. 1.Gonville and Caius CollegeCambridgeUK

Bibliographic information

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Finance, Business & Banking