Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/211696
Authors: 
Dufwenberg, Martin
Koskenkylä, Heikki
Södersten, Jan
Year of Publication: 
1994
Series/Report no.: 
Bank of Finland Discussion Papers No. 8/1994
Publisher: 
Bank of Finland, Helsinki
Abstract: 
This paper analyzes the accumulation of fixed productive capital in the manufacturing industries in Denmark, Finland, Norway, and Sweden over the years 1965-1990.Particular attention is given to the effect of taxes on this process.The following conclusions appear fairly robust across countries: Cointegrating long-run relationships can be found within the framework of the neo-classical model.The error-correction estimations indicate that investment is relatively sensitive to economic shocks.Taxes seem not to have had significant effects on long-run capital levels nor on the timing of investment behavior.
Persistent Identifier of the first edition: 
ISBN: 
951-686-405-8
Document Type: 
Working Paper

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