The Investment Acceleration Principle Revisited by Means of a Neural Net

This file is part of IDEAS, which uses RePEc data

The Investment Acceleration Principle Revisited by Means of a Neural Net

Author Info

Guido Fioretti (University of Stuttgart and ICER)

Additional information is available for the following registered author(s):

Guido Fioretti

Abstract

The investment acceleration principle is a heuristic for modeling investment time series out of consumption time series. The model presented herein develops a disaggregated accelerator equation whose coefficients are the weights of a Kohonen neural net that represents firms' decision-making. According to this model, investments take place when managers recognize emerging technological patterns. Furthermore, a technique borrowed from the theory of self-organizing systems is used in order to disentangle innovation-driven investments from plant- replication investments.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

Publisher Info
Paper provided by EconWPA in its series Computational Economics with number 0207002.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 20 pages
Date of creation: 18 Aug 2002
Date of revision:
Handle: RePEc:wpa:wuwpco:0207002

Note: Type of Document - PDF; pages: 20; figures: included. Author's homepage is at
Contact details of provider:
Web page: http://129.3.20.41

For technical questions regarding this item, or to correct its listing, contact: (EconWPA).

Find related papers by JEL classification:
C49 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Other
C67 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Input-Output Models
D29 - Microeconomics - - Production and Organizations - - - Other
D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other
E27 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation
O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General
O49 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other

This paper has been announced in the following NEP Reports:

NEP-ALL-2002-08-29 (All new papers)

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Bean, Charles R, 1981. "An Econometric Model of Manufacturing Investment in the UK," Economic Journal, Royal Economic Society, vol. 91(361), pages 106-21, March. [Downloadable!] (restricted)
Baxter, Marianne, 1996. "Are Consumer Durables Important for Business Cycles?," The Review of Economics and Statistics, MIT Press, vol. 78(1), pages 147-55, February. [Downloadable!] (restricted)
Lensink, R. & Sterken, Elmer, 1999. "Capital market imperfections, uncertainty and corporate investment in the Czech Republic," Research Report 99E51, University of Groningen, Research Institute SOM (Systems, Organisations and Management). [Downloadable!]
Other versions:
- Lensink, Robert & Sterken, Elmer, 2000. " Capital Market Imperfections, Uncertainty and Corporate Investment in the Czech Republic," Economic Change and Restructuring, Springer, vol. 33(1-2), pages 53-70. [Downloadable!] (restricted)
Velupillai, Kumaraswamy, 1999. "Non-maximum Disequilibrium Macrodynamics," Economic Systems Research, Taylor and Francis Journals, vol. 11(2), pages 113-26, June.
Bigsten, A. & Collier, P. & Dercon, S. & Gauthier, B. & Gunning, J.W. & Isaksson, A. & Oduro, A. & Oostendorp, R. & Pattillo, C. & Soderbom, M. & Sylvain, M. & Teal, F. & Zeufack, A., 1997. "Investment in Africa's Manufacturing Sector: a Four Country Panel Data Analysis," Working Papers Series 97-11, Centre for the Study of African Economies, University of Oxford.
Other versions:
- Bigsten, Arne, et al, 1999. " Investment in Africa's Manufacturing Sector: A Four Country Panel Data Analysis," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 61(4), pages 489-512, November. [Downloadable!] (restricted)
Hall, B. & Mairesse, J. & Mulkay, B., 1998. "Firm-Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years," Economics Papers 143, Economics Group, Nuffield College, University of Oxford.
Other versions:
- 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)
- Bronwyn H. Hall & Jacques Mairesse & Benoît Mulkay, 1999. "Firm-Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years," Annales d'Economie et de Statistique, ADRES, issue 55-56, pages 03, Juillet-D. [Downloadable!]
Lucas, Robert E, Jr, 1975. "An Equilibrium Model of the Business Cycle," Journal of Political Economy, University of Chicago Press, vol. 83(6), pages 1113-44, December. [Downloadable!] (restricted)

Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Guido Fioretti, 2002. "Recognizing Investment Opportunities at the Onset of Recoveries," Macroeconomics 0207008, EconWPA. [Downloadable!]
Other versions:
- Guido Fioretti, . "Recognizing Investment Opportunities at the Onset of Recoveries," Modeling, Computing, and Mastering Complexity 2003 07, Society for Computational Economics. [Downloadable!]
- Fioretti, Guido, 2006. "Recognising investment opportunities at the onset of recoveries," Research in Economics, Elsevier, vol. 60(2), pages 69-84, June. [Downloadable!] (restricted)

Statistics

Access and download statistics

Did you know? All RePEc services are meant to be be free forever, as they are all run by volunteers.

This page was last updated on 2009-11-13.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.