Ebook: Factors in Business Investment: Papers of a Conference Held at the Science Centre, Berlin, Research Area “Labour Market and Employment”, September 1987

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.

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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.

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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.
Content:
Front Matter....Pages I-VIII
Introduction: A Summary of the Issues....Pages 1-8
What Does Tobin’s Q add to Modelling of Investment Behaviour?....Pages 9-28
Fixed Investment in Japan....Pages 29-51
Testing the Sensitivity of Q Investment Equations to Measurement of the Capital Stock....Pages 52-75
Taxation and Capital Formation in West German Industries: A Q-Theory Approach....Pages 76-103
Economic Policy, Profits, and Investment Behavior in West Germany....Pages 104-127
Anticipated Tax Changes and Investment in the UK: An Empirical Evaluation of the 1984 Tax Reform....Pages 128-147
Taxation of Capital Income in the Federal Republic of Germany....Pages 148-172
Capital Mobility, the Cost of Capital Under Certainty and Effective Tax Rates in Europe....Pages 173-203
Government Policies, the Working of Financial Market, Saving and Investment in Japan....Pages 204-231
Investment, Finance and Corporate Tax Policy....Pages 232-250
The Optimal Reaction of Production and Investment on Uncertainty....Pages 251-261
Back Matter....Pages 262-263

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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.
Content:
Front Matter....Pages I-VIII
Introduction: A Summary of the Issues....Pages 1-8
What Does Tobin’s Q add to Modelling of Investment Behaviour?....Pages 9-28
Fixed Investment in Japan....Pages 29-51
Testing the Sensitivity of Q Investment Equations to Measurement of the Capital Stock....Pages 52-75
Taxation and Capital Formation in West German Industries: A Q-Theory Approach....Pages 76-103
Economic Policy, Profits, and Investment Behavior in West Germany....Pages 104-127
Anticipated Tax Changes and Investment in the UK: An Empirical Evaluation of the 1984 Tax Reform....Pages 128-147
Taxation of Capital Income in the Federal Republic of Germany....Pages 148-172
Capital Mobility, the Cost of Capital Under Certainty and Effective Tax Rates in Europe....Pages 173-203
Government Policies, the Working of Financial Market, Saving and Investment in Japan....Pages 204-231
Investment, Finance and Corporate Tax Policy....Pages 232-250
The Optimal Reaction of Production and Investment on Uncertainty....Pages 251-261
Back Matter....Pages 262-263
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