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dc.contributor.authorJanz, Norberten_US
dc.date.accessioned2009-02-16T14:50:26Z-
dc.date.available2009-02-16T14:50:26Z-
dc.date.issued1997en_US
dc.identifier.urihttp://hdl.handle.net/10419/24250-
dc.description.abstractIn this paper the standard Euler equation investment model with imperfectly competitive product markets is extended for imperfectly competitive structures on the factor markets: labour markets and markets for investment goods. This extension leads to two additional explanatory variables in the Euler equation. Although economically reasonable, the resulting equation for a simple reason cannot be estimated: parts of the explanatory variables are perfectly collinear. For estimation purposes at least one of these variables has to be neglected. Neglecting one of the additional variables, the coefficients to be estimated have to be interpreted as linear combinations of the 'true' coefficients. The differences between the 'true' coefficients and the linear combinations are numerically demonstrated.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 97-29en_US
dc.subject.jelE22en_US
dc.subject.jelC50en_US
dc.subject.jelD92en_US
dc.subject.ddc330en_US
dc.subject.keywordFirm Investment Behaviouren_US
dc.subject.keywordEuler Equation Modelen_US
dc.subject.stwInvestitionen_US
dc.subject.stwGesamtwirtschaftliche Investitionstheorieen_US
dc.subject.stwSchätztheorieen_US
dc.subject.stwTheorieen_US
dc.titleInterpreting estimation results of Euler equation investment models when factor markets are imperfectly competitiveen_US
dc.typeWorking Paperen_US
dc.identifier.ppn239203801en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:5131-
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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