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Zagreb International Review of Economics & Business, Vol. 5 No. 2, 2002.

Original scientific paper

Investment in an Uncertain World

Michelle Catherine Baddeley ; University of Cambridge and Gonville & Caius College, Cambridge, UK

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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

https://hrcak.srce.hr/34735

Publication date:

1.11.2002.

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