The Relationship between Investment and Spare Capacity in the United Kingdom, 1957-66

growth. In Section I the Paish hypothesis is discussed. In Section II a distributed-lag accelerator is discussed, and in Section III a sparecapacity variable is introduced into a capital stock adjustment model. In Section IV the relationship between investment and spare capacity is discussed, and in Section V the results of various models (estimated by the method of ordinary least squares) are compared with one another and with those of a naive predicting model. Finally, the policy implications of the analysis are considered

Business · Economics · Investment (military) · Kingdom · Operations management · Political science · Spare part · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Geology · Law · Monetary Policy and Economic Impact

• Is Aggregation Necessarily Bad

  Yehuda Grunfeld, Zvi Griliches•The Review of Economics and…•1960

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• Investment Intentions and the Prediction of Private Gross Capital Formation

  R J Ball, Ray Ball et al.•Economica•1964

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