Publication:
The Q theory of investment under unit root tests

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URI: https://hdl.handle.net/10016/2819
ISSN: 2340-5031
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we9207.pdf (211.81 KB)
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1992-02
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Abstract
We test a q investment model for Belgium using a multivariate cointegration approach. The introduccion of the degree of capacity utilization duc, in addition to investment and average q, is necessary to determine the cointegration space. This support the idea that marginal q differs from average q by a factor which is a function of duc, as suggested by Licandro(1992).
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Cointegration Tests, Degree of Capacity Utilization, Monopolistic Competition, Q Investment Theory, Quality Rationing Model
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DE - Working Papers. Economics. WE
Economists Online