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Econometric Models of Company Investment

  • Richard Blundell
  • Stephen Bond
  • Costas Meghir
Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 28)

Abstract

In this chapter we outline the economic theory and econometric methods that have been applied in recent years to the modelling of company investment. Our focus is on empirical research that uses panel data on individual firms. The principal source of this data is published company accounts, and typically the number of individual firms is large and the number of time periods covered is small. We therefore concentrate on the measurement and estimation issues that are raised by data of this kind. Panel data has also been used to estimate models of investment using national accounts data at the industry level, where the number of individual industries is typically small and the number of time periods often much larger. This type of model requires a different approach more akin to that used in time series modelling, and will not be discussed in detail here.

Keywords

Cash Flow Capital Stock Econometric Model Investment Equation Adjustment Cost 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Kluwer Academic Publishers 1992

Authors and Affiliations

  • Richard Blundell
  • Stephen Bond
  • Costas Meghir

There are no affiliations available

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