Investment: v. 1 Capital Theory and Investment Behavior

Investment: v. 1 Capital Theory and Investment Behavior

By: Dale W. Jorgenson (author)Hardback

1 - 2 weeks availability

£11.71 RRP £11.95  You save £0.24 (2%) & FREE Saver Delivery on orders over £25

Description

These studies of the cost of capital will inspire and guide policy-makers who share the goal of making the allocation of capital in a market economy more efficient. Volume 1 presents pioneering studies of the cost of capital as a determinant of investment expenditures. The cost of capital summarizes the future consequences of investment essential for current decisions. This concept has become an indispensible tool for studying the dynamics of investment behavior. Both macroeconome tric models and intertemporal general equilibrium models have employed the cost of capital as a determinant of short- and long-term investment expenditures.

Create a review

About Author

Dale W. Jorgenson is Samuel W. Morris University Professor of Economics at Harvard University.

Contents

Tax policy and investment behaviour: tax policy and the cost of capital services, estimates of the parameters of the investment function, the effects of tax policy on investment behaviour, Robert E. Hall and Dale W. Jorgenson; application of the theory of optimum capital accumulation: theory of investment behaviour, econometrics of investment behaviour, estimates of the parameters of the investment functions, impact of tax policy on investment behaviour, Robert E. Hall and Dale W. Jorgenson; technology and decision rules in the theory of investment behaviour: introduction, technology, objective function, optimal investment policy, decision rules, Dale W. Jorgenson; the economic impact of investment incentives: introduction, postwar investment incentives in the United States, the economic analysis of investment incentives, current policy alternatives, direct impact, total impact, Dale W. Jorgenson; the economic theory of replacement and depreciation: introduction, replacement, depreciation, form of the replacement distribution, Dale W. Jorgenson; investment and production - a review: introduction, form of the production function - cross sections, form of the production function - time series, returns to scale, Dale W. Jorgenson; the investment tax credit and counter-cyclical policy: summary, introduction, impact of the investment tax credit, alternative investment tax credits, appendices - the investment equation, optimization procedures, Roger H. Gordon and Dale W. Jorgenson; inflation-proof depreciation of assets: the first-year system, administrative aspects, ... against two others, future economic impact, a better way, Alan J. Auerbach and Dale W. Jorgenson; inflation and corporate capital recovery: introduction, theoretical frame-work, empirical implementation, capital recovery during the postwar period, proposed systems for capital recovery, Dale W. Jorgenson and Martin A. Sullivan; the efficiency of capital allocation: introduction, technology and preferences, general equilibrium model, appendix - list of instrumental variables, Dale W. Jorgenson and Kun-Young Yun; tax policy and capital allocation: introduction, tax policy, technology and preferences, general equilibrium model, tax reform, appendix - list of instrumental variables, Dale W. Jorgenson and Kun-Young Yun. (Part contents).

Product Details

  • publication date: 03/06/1996
  • ISBN13: 9780262100564
  • Format: Hardback
  • Number Of Pages: 536
  • ID: 9780262100564
  • weight: 971
  • ISBN10: 0262100568

Delivery Information

  • Saver Delivery: Yes
  • 1st Class Delivery: Yes
  • Courier Delivery: Yes
  • Store Delivery: Yes

Prices are for internet purchases only. Prices and availability in WHSmith Stores may vary significantly

Close