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

See all articles by Andreas Behr

Andreas Behr

University of Münster - Faculty of Economics

Egon Bellgardt

Goethe University Frankfurt

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

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

Andreas Behr

University of Münster - Faculty of Economics ( email )

Universitätsstr. 14-16
48143 Munster
Germany

Egon Bellgardt (Contact Author)

Goethe University Frankfurt

Grüneburgplatz 1
Frankfurt am Main, 60323
Germany

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