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Econometric Models of Company Investment

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Book cover The Econometrics of Panel Data

Part of the book series: Advanced Studies in Theoretical and Applied Econometrics ((ASTA,volume 28))

Abstract

In this chapter we outline the economic theory and econometric methods that have been applied in recent years to the modelling of company investment. Our focus is on empirical research that uses panel data on individual firms. The principal source of this data is published company accounts, and typically the number of individual firms is large and the number of time periods covered is small. We therefore concentrate on the measurement and estimation issues that are raised by data of this kind. Panel data has also been used to estimate models of investment using national accounts data at the industry level, where the number of individual industries is typically small and the number of time periods often much larger. This type of model requires a different approach more akin to that used in time series modelling, and will not be discussed in detail here.

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Authors
  1. Richard Blundell
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  2. Stephen Bond
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  3. Costas Meghir
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Editor information

Editors and Affiliations

  1. Monash University, Melbourne, Australia

    László Mátyás

  2. Budapest University of Economics, Hungary

    László Mátyás

  3. Université de Paris-Val-de-Marne and INSEE, France

    Patrick Sevestre

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© 1992 Kluwer Academic Publishers

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Blundell, R., Bond, S., Meghir, C. (1992). Econometric Models of Company Investment. In: Mátyás, L., Sevestre, P. (eds) The Econometrics of Panel Data. Advanced Studies in Theoretical and Applied Econometrics, vol 28. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-0375-3_18

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  • DOI: https://doi.org/10.1007/978-94-009-0375-3_18

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-010-6655-6

  • Online ISBN: 978-94-009-0375-3

  • eBook Packages: Springer Book Archive

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