Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24250
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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 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_US
dc.language.isoengen_US
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen_US
dc.relation.ispartofseries|aZEW Discussion Papers |x97-29en_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.ppn852457677en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:5131-

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