The behavior of business fixed investment in the United States in the 1980s is examined. A background discussion of the long-term behavior of the components of business fixed investment is provided, setting the context for the empirical analysis. A standard neoclassical model of business fixed...

The provisions of the U. S. Tax Reform Act of 1986 (TRA) have potential effects on labor supply, household consumption and saving, and business fixed investment. The literature on the possible effects of tax reform is surveyed, and a model of U. S. business fixed investment is developed and...

This paper reviews the provisions and possible effects of the U.S. Tax Reform Act of 1986. The literature on the potential effects of tax reform on labor supply, household consumption and saving, and business fixed investment is surveyed, and a model of business fixed investment in the United...

This paper examines the behavior of business fixed investment in the United States in the 1980s. A background discussion of the long-term behavior of the components of business fixed investment is provided, setting the context for the empirical analysis. A standard neoclassical model of business...