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Firm-Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years Author info | Abstract | Publisher info | Download info | Related research | Statistics Hall, B.
Mairesse, J.
Mulkay, B.
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We review the changes in modelling strategy and econometric methodology when estimating a firm-level investment equation on panel data during the past twenty years, in order to assess which of these changes result from new estimation methods and changes in the practice of panel data econometrics, and which are "real" and due to the evolution of the economy. Thus our paper consists of a series of comparisons: a simple accelerator-profit specification versus one with error correction, traditinoal between- and within-firm estimation versus GMM estimation, the investment behavior of French firms versus that of US firms, and investment behavior today versus ten to twenty years ago.
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Paper provided by Economics Group, Nuffield College, University of Oxford in its series Economics Papers with number
143.
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Length: 41 pages
Date of creation: 1998Date of revision:
Handle: RePEc:nuf:econwp:143Contact details of provider: Web page: http://www.nuff.ox.ac.uk/economics/
For technical questions regarding this item, or to correct its listing, contact: (Catherine McNeill).
Keywords: INVESTMENTS FRANCE UNITED STATES MODELS Other versions of this item:
Paper Bronwyn H. Hall & Jacques Mairesse & Benoit Mulkay, 1998.
"Firm-level investment in France an the United States: an exploration of what we have learned in twenty years ,"
IFS Working Papers
W98/10, Institute for Fiscal Studies.
Bronwyn H. Hall, Jacques Mairesse and Benoit Mulkay., 1998.
"Firm Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years ,"
Economics Working Papers
98-261, University of California at Berkeley.
[Downloadable!] Bronwyn H. Hall & Jacques Mairesse & Benoit Mulkay & Jacques Mairesse, 1999.
"Firm Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years ,"
Econometrics
9902001, EconWPA.
[Downloadable!] Jacques Mairesse & Bronwyn H. Hall & Benoit Mulkay, 1999.
"Firm-Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years ,"
NBER Working Papers
7437, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Find related papers by JEL classification: C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Investment Policy
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