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The volatility of the socially optimal level of investment

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  • Guest, Ross S.
  • McDonald, Ian M.

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  • Guest, Ross S. & McDonald, Ian M., 2001. "The volatility of the socially optimal level of investment," Journal of Policy Modeling, Elsevier, vol. 23(8), pages 901-928, November.
    • Handle: RePEc:eee:jpolmo:v:23:y:2001:i:8:p:901-928
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    1. Chirinko, Robert S, 1993. "Business Fixed Investment Spending: Modeling Strategies, Empirical Results, and Policy Implications," Journal of Economic Literature, American Economic Association, vol. 31(4), pages 1875-1911, December.
    2. David de Meza & David C. Webb, 1987. "Too Much Investment: A Problem of Asymmetric Information," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 102(2), pages 281-292.
    3. James M. Malcomson & Michael J. Prior, 1979. "The Estimation of a Vintage Model of Production for UK Manufacturing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 46(4), pages 719-736.
    4. PETER B. DIXON & DAINA McDONALD, 1992. "A Decomposition of Changes in Labour Productivity in Australia: 1970‐71 to 1989‐90," The Economic Record, The Economic Society of Australia, vol. 68(2), pages 105-117, June.
    5. McHugh, Richard & Lane, Julia, 1983. "The Embodiment Hypothesis: An Interregional Test," The Review of Economics and Statistics, MIT Press, vol. 65(2), pages 323-327, May.
    6. Andrew B. Abel & N. Gregory Mankiw & Lawrence H. Summers & Richard J. Zeckhauser, 1989. "Assessing Dynamic Efficiency: Theory and Evidence," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 56(1), pages 1-19.
    7. repec:bla:ecorec:v:77:y:2001:i:237:p:117-34 is not listed on IDEAS
    8. Ross S. Guest & Ian M. McDonald, 2001. "Ageing, Optimal National Saving and Future Living Standards in Australia," The Economic Record, The Economic Society of Australia, vol. 77(237), pages 117-134, June.
    9. Williamson, Stephen D., 1986. "Costly monitoring, financial intermediation, and equilibrium credit rationing," Journal of Monetary Economics, Elsevier, vol. 18(2), pages 159-179, September.
    10. Karen Mills & Steven Morling & Warren Tease, 1994. "The Influence of Financial Factors on Corporate Investment," RBA Research Discussion Papers rdp9402, Reserve Bank of Australia.
    11. repec:bla:ecorec:v:64:y:1988:i:186:p:209-15 is not listed on IDEAS
    12. Guiseppe Bertola & Ricardo J. Caballero, 1994. "Irreversibility and Aggregate Investment," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 61(2), pages 223-246.
    13. Dadkhah, Kamran M & Zahedi, Fatemeh, 1986. "Simultaneous Estimation of Production Functions and Capital Stocks for Developing Countries," The Review of Economics and Statistics, MIT Press, vol. 68(3), pages 443-451, August.
    14. repec:bla:ecorec:v:68:y:1992:i:201:p:105-17 is not listed on IDEAS
    15. You, Jong Keun, 1976. "Embodied and Disembodied Technical Progress in the United States, 1929-1968," The Review of Economics and Statistics, MIT Press, vol. 58(1), pages 123-127, February.
    16. Robert S. Chirinko, 1992. "Business Fixed Investment Spending: A Critical survey of Modeling Strategies, Empirical Results, and Policy Implications," Working Papers 9213, Harris School of Public Policy Studies, University of Chicago.
    17. WARWICK J. McKIBBIN & ERIC S. SIEGLOFF, 1988. "A Note on Aggregate Investment in Australia," The Economic Record, The Economic Society of Australia, vol. 64(3), pages 209-215, September.
    18. Robert E. Lucas & Jr., 1967. "Adjustment Costs and the Theory of Supply," Journal of Political Economy, University of Chicago Press, vol. 75(4), pages 321-321.
    19. Hayashi, Fumio, 1982. "Tobin's Marginal q and Average q: A Neoclassical Interpretation," Econometrica, Econometric Society, vol. 50(1), pages 213-224, January.
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    Cited by:

    1. Christopher Bajada, 2001. "An Examination of the Statistical Discrepancy and Private Investment Expenditure," Journal of Applied Economics, Universidad del CEMA, vol. 4, pages 27-61, May.
    2. Christian Westerlind Wigstrom, 2013. "A British Investment Bank: Why and How?," Global Policy, London School of Economics and Political Science, vol. 4, pages 22-29, July.
    3. Zhang, Yijia & Cheng, Lu, 2023. "The role of transport infrastructure in economic growth: Empirical evidence in the UK," Transport Policy, Elsevier, vol. 133(C), pages 223-233.
    4. Guest, Ross & McDonald, Ian, 1999. "An evaluation of the saving, investment, and current account balances of five ASEAN economies," Journal of Asian Economics, Elsevier, vol. 10(3), pages 445-464.

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