Explaining aggregate investment in Britain: the importance of Tobin's Q

Oulton, Nicholas ORCID: 0000-0002-1595-7732 (1978) Explaining aggregate investment in Britain: the importance of Tobin's Q. Economics Letters, 1 (3). pp. 253-257. ISSN 0165-1765

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Identification Number: 10.1016/0165-1765(78)90034-4

Abstract

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.

Item Type:	Article
Official URL:	https://www.sciencedirect.com/journal/economics-le...
Additional Information:	© 1978 Elsevier B.V.
Divisions:	LSE
Subjects:	H Social Sciences > HG Finance H Social Sciences > HB Economic Theory
Date Deposited:	11 Nov 2020 02:04
Last Modified:	12 Dec 2024 02:22
URI:	http://eprints.lse.ac.uk/id/eprint/107412

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