Всего публикаций в данном разделе: 2
Mairesse J. Firm-level investment in France and the United States [Текст]. An exploration of what we have learned in twenty years / J. Mairesse, B. H. Hall, B. Mulkay // Annales d'Economie et de statistique. 1999. №. 55-56. P. 27-67. [книга]
Опубликовано на портале: 11-08-2004
Our two related goals in this paper are the following: Firstly and mainly, we want to examine the effects of major changes in modelling strategy and econometric methodology, over the past twenty years, on estimation of firm-level investment equations using panel data. Secondly, we try to assess whether the differences in the estimated investment equations, as between recent years and ten to twenty years go in the French and U.S. Manufacturing industries, are real' and economically meaningful. Thus our paper consists of a series of comparisons: a simple accelerator-profit specification versus one with error correction, traditional between- and within-firm estimation versus GMM estimation, the investment behavior of French firms versus that of U.S. firms, and investment behavior in recent years versus ten to twenty years ago. Although the important econometric advances of the past twenty years have been far from being as successful as we had hoped for, we do find some significant improvement in the specification, estimation and interpretation of firm investment equations; we also fin some real changes in the investment behavior of French and U.S. firms during these twenty years.
Опубликовано на портале: 02-09-2003Frederick van der Ploeg, Ben J. Heijdra
Oxford: Oxford University Press, 2002
This comprehensive textbook for a core course in modern macroeconomics deals with all the major topics, summarizes the important approaches, and gives students a coherent angle on all aspects of macroeconomic thought. Each chapter deals with a separate area of macroeconomics, and each contains a summary section of key points and a further reading list.