The paper argues that the several theories used to support the traditional thesis of a dependence of investment on the interest rate are all unconvincing. The following theories are reviewed: pre-Keynesian, Keynes, array of opportunities, Lerner, Jorgenson, adjustment costs, Tobin's q. It is...

Most developing and underdeveloped countries beside Sudan suffer from low levels of income in addition to the low savings that are result from the lack of sophisticated savings channels. Hence, investments depend on the individuals' abilities on savings where they are major motivating vehicle...

Investment is one of the crucial macroeconomic variables - it adds to the capital stock and thus determines the long term production capacity in the economy. Investment, also, is one of the channels through which macroeconomic policies, monetary and fiscal policy, can affect the real economy....

The 90s have witnessed a revival in economists' interest and hope of explaining" aggregate and microeconomic investment behavior. New theories, better econometric" procedures, and more detailed panel data sets are behind this movement. Much of the progress" has occurred at the level of...

The 90s have witnessed a revival in economists' interest and hope of explaining" aggregate and microeconomic investment behavior. New theories, better econometric" procedures, and more detailed panel data sets are behind this movement. Much of the progress" has occurred at the level of...

Mit dem vorliegenden Aufsatz wird das Ziel verfolgt, die Erklärung der gesamtwirtschaftlichen Unternehmensinvestitionen (Ausrüstungsinvestitionen der Unternehmen und Wirtschaftsbauinvestitionen) durch die Einbeziehung von Variablen, mit denen sich Unsicherheit abbilden läßt, zu ergänzen. In...

The paper explores the investment behaviour of German firms in the context of the Q-approach, which plays a dominant role in empirical investment research. The analysis is based on the Deutsche Bundesbank's corporate balance sheet statistics. The panel data set contains some 2,300 German firms'...