Abstract:
Investment behaviour is influenced by a number of variables. A change in macro-econometric parameters can affect investment behaviour in a number of ways. The purpose of this study is to report the theory and estimation of an investment model for the South African economy. The model estimated in this study is mainly based on the neo-classical investment theory as part of the estimation of a consistent supply side, macro-econometric model for the South African economy. Equations for capital, fixed investment and company savings were constructed and estimated.
Keywords:fixed; investmet; cost; of; capital; jorgenson; neo-classical (search for similar items in EconPapers) JEL-codes:L11C81F49R38 (search for similar items in EconPapers) Date: 2000-11-10 Note: Type of Document - Word; prepared on compaq PC ; to print on A4; pages: 60; figures: included/request from author/draw your own