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dc.contributor.authorJanz, Norberten
dc.date.accessioned2009-02-16T14:50:26Z-
dc.date.available2009-02-16T14:50:26Z-
dc.date.issued1997-
dc.identifier.urihttp://hdl.handle.net/10419/24250-
dc.description.abstractIn this paper the standard Euler equation investment model withimperfectly competitive product markets is extended for imperfectly competitivestructures on the factor markets: labour markets and markets for investmentgoods. This extension leads to two additional explanatory variables inthe Euler equation. Although economically reasonable, the resulting equationfor a simple reason cannot be estimated: parts of the explanatory variables areperfectly collinear. For estimation purposes at least one of these variables hasto 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 arenumerically demonstrated.en
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x97-29en
dc.subject.jelE22en
dc.subject.jelC50en
dc.subject.jelD92en
dc.subject.ddc330en
dc.subject.keywordFirm Investment Behaviouren
dc.subject.keywordEuler Equation Modelen
dc.subject.stwInvestitionen
dc.subject.stwGesamtwirtschaftliche Investitionstheorieen
dc.subject.stwSchätztheorieen
dc.subject.stwTheorieen
dc.titleInterpreting estimation results of Euler equation investment models when factor markets are imperfectly competitive-
dc.typeWorking Paperen
dc.identifier.ppn852457677en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:5131en

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