This paper focuses on the determinants of aggregate investment spending in the UK for the industrial and commercial … investment in the manufacturing sector. Important focal points of our analysis are a role for real profits (internal funds … impact of irreversibility and uncertainty in determining aggregate investment spending. Earlier work on manufacturing …

Relations between national public and private savings, domestic investment, and the current account are analyzed with … of aggregate savings on investment is found and government deficits tend to increase current account imbalances …

In aggregate models, costs that penalise changes in investment - investment adjustment costs - have been introduced to … investment adjustment costs and the traditional capital adjustment costs as special cases. The estimated weight on the former is … close to zero for all the industries. When only the investment adjustment cost structure is considered, the estimates of the …