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Test d’une hypothèse d’investissement à écarts multiples

Author

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  • Ancot, J.-P.

    (Netherlands Economic Institute, Rotterdam)

  • Iwema, R.

    (Netherlands Economic Institute, Rotterdam)

  • Paelinck, J.

    (Netherlands Economic Institute, Rotterdam)

  • den Broeder, G.

    (Netherlands Economic Institute, Rotterdam)

Abstract

According to the multiple-gap hypothesis, investment decisions, determined by the joint action of multiple determinants, result from the dominance at the time of the decision of the most constraining of these factors. This hypothesis is tested on Dutch investment data for the period 1951-1974 by means of three types of models: a "rigid" model in which a single regime is selected at any time, and two "flexible" models allowing for a joint action of the various determinants, the last model incorporating a switching mechanism with respect to the dominant factor. Estimation problems are discussed and the results obtained with the different models are compared.

Suggested Citation

  • Ancot, J.-P. & Iwema, R. & Paelinck, J. & den Broeder, G., 1980. "Test d’une hypothèse d’investissement à écarts multiples," L'Actualité Economique, Société Canadienne de Science Economique, vol. 56(1), pages 40-59, janvier-m.
    • Handle: RePEc:ris:actuec:v:56:y:1980:i:1:p:40-59
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    1. Jorgenson, Dale W & Hunter, Jerald & Nadiri, M Ishaq, 1970. "The Predictive Performance of Econometric Models of Qtrly Investment Behavior," Econometrica, Econometric Society, vol. 38(2), pages 213-224, March.
    2. Fair, Ray C & Kelejian, Harry H, 1974. "Methods of Estimation for Markets in Disequilibrium: A Further Study," Econometrica, Econometric Society, vol. 42(1), pages 177-190, January.
    3. Paelinck, J., 1978. "Spatial econometrics," Economics Letters, Elsevier, vol. 1(1), pages 59-63.
    4. Jorgenson, Dale W & Hunter, Jerald & Nadiri, M Ishaq, 1970. "A Comparison of Alternative Econometric Models of Qtrly Investment Behavior," Econometrica, Econometric Society, vol. 38(2), pages 187-212, March.
    5. Fair, Ray C & Jaffee, Dwight M, 1972. "Methods of Estimation for Markets in Disequilibrium," Econometrica, Econometric Society, vol. 40(3), pages 497-514, May.
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