Investment

MICHELLE BADDELEY is Fellow and College Lecturer in Economics at Gonville and Caius College, University of Cambridge.

• PART I: INTRODUCTIONIntroductionAn Overview of Concepts and ApproachesPART II: THEORETICAL ISSUESThe Intellectual Ancestors: Irving Fisher and Maynard KeynesAccelerator TheoryJorgenson's Model of InvestmentThe Limitations of Jorgenson's ModelPutty Clay Models of InvestmentAdjustment Costs and q TheoryUncertainty and InvestementPost Keynesian Analysis of InvestmentPART III: TESTING THE THEORIESComparing Jorgenson's Model and Accelerator Theory: Evidence from the UKUncertainty in Competing Models of Investment: Evidence from the USAPART IV: EMPIRICAL APPLICATIONS OF INVESTMENT PRINCIPLESComputing Investment in the New Economy: US EvidenceInvestment and Development: A Cross Sectional AnalysisResidential Investment: Bubbles and Crashes in the UK Housing Market 1980-99PART V: CONCLUSIONConcluding RemarksBibliographyStatistical Appendix: Some Basic Econometric TechniquesGlossary.