Multiple Q and Investment in Japan, Volume 1: Theory and Estimation

by Konomi Tonogi, Kazumi Asako, Jun-Ichi Nakamura

This book, as the first volume of a two volume treatise, develops a consistent framework of the investment function that allows for the heterogeneity of capital goods, i.e., the Multiple q model, with theoretical extensions and empirical applications to investment behavior in Japan. The standard approach to investment behavior is Tobin's q theory in which the investment rate is a linear function of only the q ratio, or a firm's...

• Format: Paperback
• Language: English
• ISBN: 9813299630
• ISBN13: 9789813299634
• Release Date: April 2020
• Publisher: Springer
• Length: 70 Pages