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- W2004993916 abstract "The view that the investment function is characterized by a stable relationship is subjected to an objective statistical test. The test utilizes a statistic which equals the ratio of the sum of squared residuals of one-period prediction from the k + 1 period to the r th period to the sum of squared residuals of one period prediction from the k + 1 to the T th period, where k is the number of estimated coefficients in the model and T is the sample size. The results for the period 1947–1979 suggest that the investment function at the macroeconomic level and for 8 of the 11 two-digit SIC industries considered became unstable in 1973. For the other two-digit SIC industries investigated, the results indicate no appreciable (statistically significant) change in the relative importance of the underlying investment determinants." @default.
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- W2004993916 date "1981-01-01" @default.
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- W2004993916 title "Energy and investment: An empirical examination" @default.
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- W2004993916 doi "https://doi.org/10.1016/0196-8904(81)90022-4" @default.
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