A Reappraisal of the Neoclassical Approach to Modelling Business Investment

Keith R. McLaren

No 267066, Department of Econometrics and Business Statistics Working Papers from Monash University, Department of Econometrics and Business Statistics

Abstract: Empirical studies of investment behaviour are typically based on the three models of investment available in the literature: the Jorgenson neoclassical model, the adjustment cost model, and Tobin's q theory. A case is put for a reappraisal of the empirical implementation of these models.

Keywords: Agribusiness; Agricultural Finance; Financial Economics (search for similar items in EconPapers)
Pages: 26
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Persistent link: https://EconPapers.repec.org/RePEc:ags:monebs:267066

DOI: 10.22004/ag.econ.267066

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