Tax policy and investment. (evaluation of 'neoclassical' investment models): An article from: NBER Reporter

This digital document is an article from NBER Reporter, published by National Bureau of Economic Research, Inc. on June 22, 1997. The length of the article is 3090 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Measurement error in fundamental variables and misspecification of the costs of adjusting capital stock are the reasons behind the impracticality of estimating tax effects on investment. Structural variables were found to be insignificant as proven by aggregate data. Also, using 'neoclassical' investment models based on Q tend to bias downward the estimated coefficient. measurement error. This is contrary to the belief of policymakers in the US and other industrialized countries.

Citation Details
Title: Tax policy and investment. (evaluation of 'neoclassical' investment models)
Author: R. Glenn Hubbard
Publication:NBER Reporter (Magazine/Journal)
Date: June 22, 1997
Publisher: National Bureau of Economic Research, Inc.
Page: p13(4)

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