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.
Full text not available from this repository.
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|
Archive Staff Only: edit this record