How responsive is business capital formation to its user cost?

Journal of Public Economics - Tập 74 Số 1 - Trang 53-80 - 1999
Robert S. Chirinko1, Steven M. Fazzari2, Andrew P. Meyer3
1Department of Economics, Emory University, Atlanta, GA 30322‐2240, USA
2Department of Economics, Washington University, St. Louis, MO 63130-4899, USA
3Federal Reserve Bank, St. Louis, MO 63166-0442, USA

Tóm tắt

Từ khóa


Tài liệu tham khảo

Arellano, 1988, An alternative transformation for fixed effects models with predetermined variables, Applied Economics Discussion Paper No. 57, Institute of Economics and Statistics, University of Oxford

Arellano, 1995, Another look at the instrumental-variable estimation of error-components models, Journal of Econometrics, 68, 29, 10.1016/0304-4076(94)01642-D

Auerbach, 1989, Tax reform and adjustment costs: the impact on investment and market value, International Economic Review, 30, 939, 10.2307/2526760

Auerbach, 1996, Tax reform, capital allocation, efficiency, and growth, 29

Auerbach, 1987

Auerbach, 1987, Tax loss carry-forwards and corporate tax incentives, 305

Bernanke, 1995, Inside the black box: the credit channel of monetary policy transmission, Journal of Economic Perspectives, 9, 27, 10.1257/jep.9.4.27

Bischoff, 1971, The effect of alternative lag distributions, 61

Blanchard, 1986, Comments and discussion, Brookings Papers on Economic Activity,, 1, 153

Blinder, 1991, Taking stock: a critical assessment of recent research on inventories, Journal of Economic Perspectives, 5, 73, 10.1257/jep.5.1.73

Caballero, 1995, Plant-level adjustment and aggregate investment dynamics, Brookings Papers on Economic Activity, 2, 1, 10.2307/2534611

Chirinko, 1988, Business tax policy, the Lucas critique, and lessons from the 1980s, American Economic Review, 78, 206

Chirinko, 1993, Business fixed investment: a critical survey of modeling strategies, empirical results, and policy implications, Journal of Economic Literature, 31, 1875

Chirinko, 1995, Why does liquidity matter in investment equations?, Journal of Money, Credit, and Banking, 27, 527, 10.2307/2077882

Christiano, 1992, Current real-business-cycle theories and aggregate labor market fluctuations, American Economic Review, 82, 430

Clark, 1993, Tax incentives and equipment investment, Brookings Papers on Economic Activity, 1, 317, 10.2307/2534607

Cummins, 1992, The effects of taxation on investment: new evidence from firm level panel data, National Tax Journal, 45, 243, 10.1086/NTJ41788967

Cummins, 1994, A reconsideration of investment behavior using tax reforms as natural experiments, Brookings Papers on Economic Activity, 2, 1, 10.2307/2534654

Cummins, 1996, Tax reforms and investment: a cross-country comparison, Journal of Public Economics, 62, 237, 10.1016/0047-2727(96)01580-0

Eisner, 1967, A permanent income theory for investment: some empirical explorations, American Economic Review, 57, 363

Eisner, 1978

Eisner, 1968, Investment behavior and neo-classical theory, Review of Economics and Statistics, 50, 369, 10.2307/1937931

Engen, 1997, Dynamic tax models: why they do the things they do, National Tax Journal, 50, 657, 10.1086/NTJ41789287

Farmer, 1997, Money in a real business cycle model, Journal of Money, Credit, and Banking, 29, 568, 10.2307/2953651

Fazzari, 1996, Capital gains tax cuts, investment, and growth, Public Policy Brief, Jerome Levy Economics Institute

Fazzari, 1988, Investment, financing decisions, and tax policy, American Economic Review, 78, 200

Fazzari, 1988, Financing constraints and corporate investment, Brookings Papers on Economic Activity, 1, 141, 10.2307/2534426

Feldstein, 1995, The effect of a consumption tax on the rate of interest, National Bureau of Economic Research, working paper

Goolsbee, 1998, Investment tax incentives, prices, and the supply of capital goods, Quarterly Journal of Economics, 93, 121, 10.1162/003355398555540

Hall, 1996, The effect of tax reform on prices and asset values

Hall, 1967, Tax policy and investment behavior, American Economic Review, 57, 391

Hall, 1995

Hassett, 1997, Tax policy and investment, 339

Hausman, 1978, Specification tests in econometrics, Econometrica, 46, 1251, 10.2307/1913827

Hubbard, 1998, Capital Market Imperfections and Investment, Journal of Economic Literature, 35, 193

İmrohoroǧlu, 1998, The effect of tax-favored retirement accounts on capital accumulation, American Economic Review, 88, 749

Jorgenson, 1968, A comparison of alternative theories of corporate investment behavior, American Economic Review, 58, 681

Lucas, 1976, Econometric policy evaluation: a critique, 19

Mankiw, 1988, Money demand and the effects of fiscal policies: a reply, Journal of Money, Credit and Banking, 20, 714, 10.2307/1992298

Oliner, 1995, New and old models of business investment: a comparison of forecasting performance, Journal of Money, Credit and Banking, 27, 806, 10.2307/2077752

Prakken, 1991, Tax reform and potential output: a retrospective analysis of the tax reform act of 1986, 113

Razin, 1996, Capital income taxation and long-run growth: new perspectives, Journal of Public Economics, 59, 239, 10.1016/0047-2727(95)01504-3

Salinger, 1983, Tax reform and corporate investment, 247

Shea, 1997, Instrument relevance in multivariate linear models: a simple measure, Review of Economics and Statistics, 79, 348, 10.1162/rest.1997.79.2.348

Sinai, 1992, Financial and real business cycles, Eastern Economic Journal, 18, 1

Taylor, 1989, Monetary policy and the stability of macroeconomic relationships, Journal of Applied Econometrics, 4, S161, 10.1002/jae.3950040509

Toder, 1995, Comments on proposals for fundamental tax reforms, Tax Notes, 2003

Urga, 1992, The econometrics of panel data: a selective introduction, Ricerche Economiche, 44, 379