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https://hdl.handle.net/10419/24250
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Janz, Norbert | en |
dc.date.accessioned | 2009-02-16T14:50:26Z | - |
dc.date.available | 2009-02-16T14:50:26Z | - |
dc.date.issued | 1997 | - |
dc.identifier.uri | http://hdl.handle.net/10419/24250 | - |
dc.description.abstract | In 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.iso | eng | en |
dc.publisher | |aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheim | en |
dc.relation.ispartofseries | |aZEW Discussion Papers |x97-29 | en |
dc.subject.jel | E22 | en |
dc.subject.jel | C50 | en |
dc.subject.jel | D92 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Firm Investment Behaviour | en |
dc.subject.keyword | Euler Equation Model | en |
dc.subject.stw | Investition | en |
dc.subject.stw | Gesamtwirtschaftliche Investitionstheorie | en |
dc.subject.stw | Schätztheorie | en |
dc.subject.stw | Theorie | en |
dc.title | Interpreting estimation results of Euler equation investment models when factor markets are imperfectly competitive | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 852457677 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:zewdip:5131 | en |
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