MONOPOLISTIC COMPETITION AND THE Q-THEORY OF INVESTMENT

被引：28

作者：

SCHIANTARELLI, F

GEORGOUTSOS, D

机构：

[1] INST FISCAL STUDIES,BOSTON,MA 02215

[2] UNIV ESSEX,COLCHESTER CO4 3SQ,ESSEX,ENGLAND

来源：

EUROPEAN ECONOMIC REVIEW | 1990年 / 34卷 / 05期

关键词：

D O I：

10.1016/0014-2921(90)90023-R

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper we analyse the implications for Q models of investment of replacing the assumption of perfect competition in the output market with the assumption of monopolistic competition. The structural investment equation that can be derived in this case has a richer dynamic structure than the conventional one and it contains, in addition to present and future Q, output as an explanatory variable. In the applied section we discuss the extent to which monopolistic competition helps in providing a remedy for the empirical weaknesses of Q models. The estimates are obtained using aggregate data for U.K. industrial and commercial companies for the period 1951-1979. © 1990.

引用

页码：1061 / 1078

页数：18

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