Oulton, N. (1978) Explaining aggregate investment in Britain: the importance of Tobin's Q. Economics Letters , 1 (3) pp. 253-257. 10.1016/0165-1765(78)90034-4.
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This note reports on work done in testing Tobin's ‘Q’ theory of investment on British data. Investment by industrial and commercial companies over 1960–1977 was studied. Q was found to be both significant and important, outperforming other plausible variables.
|Title:||Explaining aggregate investment in Britain: the importance of Tobin's Q|
|UCL classification:||UCL > School of Arts and Social Sciences > Faculty of Social and Historical Sciences > Economics|
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