Original scientific paper
Investment in an Uncertain World
Michelle Catherine Baddeley
; University of Cambridge and Gonville & Caius College, Cambridge, UK
Abstract
The aim of this paper is to analyse divergent approaches to the analysis of fixed asset investment. In recent years, the basic predictions of orthodox and Keynesian theory have converged despite divergent policy implications. So in this analysis a range of empirical specifications of investment models is assessed in order illuminate the appropriate policy approaches for boosting investment.
Keywords
accelerator models; Knightian uncertainty; financial markets; q theory
Hrčak ID:
34735
URI
Publication date:
1.11.2002.
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