State of the art modeling of investment behavior and analysis of incentive and allocative effects of taxation on investment behavior are reported in these proceedings. Leading researchers from seven OECD countries treat problems ranging from modeling investment behavior and estimating investment equations with various data sets to detailed studies of tax influences on investment behavior. Particular attention is paid to tax reform plans, especially in West Germany and the UK. The role of financial variables and uncertainty is analysed. A major topic in the volume is recent work within Tobin's Q-theoretic framework. Papers report developments and applications of Q-type investment functions, and for the first time estimated Q-theoretic investment equations are presented for West German industries taking into account the complex tax structure.Given the fact that the Q model is most helpful in assessing the impact of stock market movements on investment the ... Q-type investment equations were finally used to simulate the possible effects of the October 19, 1987 stock market crash.
|Title||:||Factors in Business Investment|
|Publisher||:||Springer Science & Business Media - 2012-12-06|