with a low effective cost of capital based on optimism about the future availability of funds for investment. The key to …. The latter is more likely if bubbles develop along the expansionary path. These (rational) bubbles can emerge even when …

with a low effective cost of capital based on optimism about the future availability of funds for investment. The key to …. The latter is more likely if bubbles develop along the expansionary path. These (rational) bubbles can emerge even when …

accounting school appears due to limitations existing in the measures in efficiency units of the quality of the real investment … productivity of the investment goods constructing hedonic prices indices. This school is represented among others by Hulten (1992 …The productivity generated by capital goods is not uniform along the time. When there exist conventional physical …