Aggregation and representative firm in the theory of investment

被引：0
|
作者：
Matsumoto, T [1 ]
机构：
[1] Aoyama Gakuin Univ, Sch Int Polit Econ & Business, Tokyo 1508366, Japan
来源：
ECONOMICS LETTERS | 2003年 / 81卷 / 03期
关键词：
aggregate investment; representative firm; lumpiness of investment;
D O I：
10.1016/S0165-1765(03)00213-1
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
A simple investment function that is a second-degree polynomial of a deviation from "desired capital stock" is capable of explaining a large part of aggregate investment. I demonstrate this by calibration of firm investment based on this model. (C) 2003 Elsevier B.V. All rights reserved.
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页码：327 / 331
页数：5
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