IDEAS home Printed from https://ideas.repec.org/a/bxr/bxrceb/2013-12891.html

The q theory of investment under unit root tests

Author

Listed:
  • David De la Croix
  • O. Licandro

Abstract

We test a q investment model for Belgium using a multivariate cointegration approach. The introduccion of the degree of capacity utilization duc, in addition to investment and average q, is necessary to determine the cointegration space. This support the idea that marginal q differs from average q by a factor which is a function of duc, as suggested by Licandro(1992).
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • David De la Croix & O. Licandro, 1993. "The q theory of investment under unit root tests," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 139, pages 329-339.
    • Handle: RePEc:bxr:bxrceb:2013/12891
    as

    Download full text from publisher

    File URL: https://dipot.ulb.ac.be/dspace/bitstream/2013/12891/1/ber-0873.pdf
    File Function: ber-0873
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Verschueren, Frederic, 2000. "Co-integration inference in the value-profit relation and investment models," Economics Letters, Elsevier, vol. 69(3), pages 289-297, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bxr:bxrceb:2013/12891. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Benoit Pauwels (email available below). General contact details of provider: https://edirc.repec.org/data/dulbebe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.