Dynamic Q-Investment Functions for Germany Using Panel Balance Sheet Data and a New Algorithm for the Capital Stock at Replacement Values
57 Pages Posted: 8 Jun 2016
Date Written: 2002
Abstract
The paper explores the investment behaviour of German firms in the context of the Qapproach,
Die vorliegende Arbeit untersucht das Investitionsverhalten deutscher Unternehmen im
Keywords: investment, Q, capital stock, replacement costs, VAR, dynamic panel data
JEL Classification: C33, C81, G31, D24
Suggested Citation: Suggested Citation
Behr, Andreas and Bellgardt, Egon, Dynamic Q-Investment Functions for Germany Using Panel Balance Sheet Data and a New Algorithm for the Capital Stock at Replacement Values (2002). Bundesbank Series 1 Discussion Paper No. 2002,23, Available at SSRN: https://ssrn.com/abstract=2785159 or http://dx.doi.org/10.2139/ssrn.2785159
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