Advertisement

The Fixed-capital and Housing Investment Functions

  • Ajit K. Dasgupta
  • A. J. Hagger

Abstract

In this chapter we shall develop a fixed-capital investment function and a housing investment function. This will enable us to treat two of the components of I which appear in relationship (3.11), namely I gf (desired real gross fixed-capital investment) and I gh (desired real gross housing investment), as jointly determined variables rather than as data and thereby to remedy, to some extent, the weaknesses which remain in Model III. We shall turn to the remaining components of I (I ri and I ci ) in the next chapter.

Keywords

Capital Stock Housing Service Investment Expenditure Internal Balance Housing Investment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Reading List

  1. Almon, Shirley, ‘The Distributed Lag between Capital Appropriations and Expenditures’, Econometrica (Jan 1965).Google Scholar
  2. de Leeuw, Frank, ‘The Demand for Capital Goods by Manufacturers.: A Study of Quarterly Time Series’, Econometrica (July 1962).Google Scholar
  3. Eckstein, Otto, ‘Manufacturing Investment and Business Expectations: Extensions of de Leeuw’s Results’, Econometrica (Apr. 1965).Google Scholar
  4. Greenberg, Edward, ‘A Stock-Adjustment Investment Model’, Econometrica (July 1964).Google Scholar
  5. Jorgenson, D. W., ‘Anticipations and Investment Behaviour’, in Duesenberry, J. S., Kuh, E., Fromm, G., and Klein, L. R. (eds), The Brookings Quarterly Econometric Model of the United States (Chicago: Rand-McNally, 1965).Google Scholar
  6. Jorgenson, D. W., ‘Capital Theory and Investment Behaviour’, American Economic Review (May 1963).Google Scholar
  7. Jorgenson, D. W. and Stephenson, J. A., ‘Investment Behaviour in U.S. Manufacturing, 1947–1960’, Econometrica (Apr 1967).Google Scholar
  8. Jorgenson, D. W.and Stephenson, J. A., ‘The Time Structure of Investment Behaviour in United States Manufacturing, 1947–1960’, Review of Economics and Statistics (Feb 1967).Google Scholar
  9. Muth, R. F., ‘The Demand for Non-Farm Housing’, in Harberger, A. C. (ed.), The Demand for Durable Goods (University of Chicago Press, 1960 ).Google Scholar

Copyright information

© Ajit K. Dasgupta and A. J. Hagger 1971

Authors and Affiliations

  • Ajit K. Dasgupta
    • 1
  • A. J. Hagger
    • 2
  1. 1.Sir George Williams UniversityMontrealCanada
  2. 2.University of TasmaniaAustralia

Personalised recommendations