Investment

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

PART I: INTRODUCTION.- Introduction.- An Overview of Concepts and Approaches.- PART II: THEORETICAL ISSUES.- The Intellectual Ancestors: Irving Fisher and Maynard Keynes.- Accelerator Theory.- Jorgenson's Model of Investment.- The Limitations of Jorgenson's Model.- Putty Clay Models of Investment.- Adjustment Costs and q Theory.- Uncertainty and Investement.- Post Keynesian Analysis of Investment.- PART III: TESTING THE THEORIES.- Comparing Jorgenson's Model and Accelerator Theory: Evidence from the UK.- Uncertainty in Competing Models of Investment: Evidence from the USA.- PART IV: EMPIRICAL APPLICATIONS OF INVESTMENT PRINCIPLES.- Computing Investment in the New Economy: US Evidence.- Investment and Development: A Cross Sectional Analysis.- Residential Investment: Bubbles and Crashes in the UK Housing Market 1980-99.- PART V: CONCLUSION.- Concluding Remarks.- Bibliography.- Statistical Appendix: Some Basic Econometric Techniques.- Glossary.