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 |