Are Investment Expectations Rational, Adaptive or Regressive?
A unique previously unavailable dataset is employed to study the nature of expectations formed by manufacturing plants as they plan their own capital expenditures. Both conventional rational expectations and adaptive expectations hypotheses are found to be inconsistent with the data, which instead f...
| Publicado en: | Economic Inquiry Vol. 49; no. 1; pp. 212 - 226 |
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| Formato: | Artículo |
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Wiley-Blackwell
January 2011
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510968448&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510968448 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: N pubinfo: dt: January 2011 vid: 49 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 510968448 10.1111/j.1465-7295.2010.00305.x ppf: 212 ppct: 14 formats: fmt: – @attributes: type: T – @attributes: type: P size: 998KB tig: atl: Are Investment Expectations Rational, Adaptive or Regressive? aug: au: Dave, Chetan su: Economic expectations Mathematical models of capital investments Manufacturing industries Canada sug: subj: Canada Economic expectations Mathematical models of capital investments Manufacturing industries ab: A unique previously unavailable dataset is employed to study the nature of expectations formed by manufacturing plants as they plan their own capital expenditures. Both conventional rational expectations and adaptive expectations hypotheses are found to be inconsistent with the data, which instead favor a regressive expectations formation process. These results, obtained using real-world data on plants, further develop the growing recent literature on survey expectations and the information about economic models that can be gleaned from them. (JEL E22, C23, C83) Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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