The Q theory of investment under unit root tests

David de la Croix and Omar Licandro (licandro.omar@gmail.com)

UC3M Working papers. Economics from Universidad Carlos III de Madrid. Departamento de Economía

Abstract: We test a q investment model for Belgium using a multivariate cointegration approach. The introduccion of the degree of capacity utilization duc, in addition to investment and average q, is necessary to determine the cointegration space. This support the idea that marginal q differs from average q by a factor which is a function of duc, as suggested by Licandro(1992).

Keywords: Cointegration; Tests; Degree; of; Capacity; Utilization; Monopolistic; Competition; Q; Investment; Theory; Quality; Rationing; Model (search for similar items in EconPapers)
Date: 1992-02
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Related works:
Journal Article: The q theory of investment under unit root tests (1993)
Working Paper: The Q Theory of Investment Under Unit Root Tests (1992)
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Persistent link: https://EconPapers.repec.org/RePEc:cte:werepe:2819

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