Details

Autor(en) / Beteiligte

• Lawrence, Colin
• Slow, Aloysius

Titel

Interest Rates and Investment Spending: Some Empirical Evidence for Postwar U.S. Producer Equipment, 1947--1980: I. Introduction

Ist Teil von

• The Journal of business (Chicago, Ill.), 1985-10, Vol.58 (4), p.359

Ort / Verlag

Chicago: University of Chicago, acting through its Press

Erscheinungsjahr

1985

Link zum Volltext

Quelle

EBSCOhost Business Source Ultimate

Beschreibungen/Notizen

• The empirical evidence on the effect of interest rates on aggregate investment behavior is ambiguous. The early neoclassical models of investment (e.g., Hall and Jorgenson 1967; Jorgenson and Stephenson 1967) and the putty clay extensions (e.g., Bischoff 1969, 1971) imposed various nonlinear restrictions on demand shifters and the user cost of capital.