Dynamic Q-investment functions for Germany using panel balance sheet data and a new algorithm for the capital stock at replacement values:
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Frankfurt am Main
Dt. Bundesbank
2002
|
| Schriftenreihe: | Discussion paper / Economic Research Centre of the Deutsche Bundesbank
2002,23 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | 48 S. graph. Darst. |
| ISBN: | 3935821298 |
Internformat
MARC
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| 245 | 1 | 0 | |a Dynamic Q-investment functions for Germany using panel balance sheet data and a new algorithm for the capital stock at replacement values |c Andreas Behr ; Egon Bellgardt |
| 264 | 1 | |a Frankfurt am Main |b Dt. Bundesbank |c 2002 | |
| 300 | |a 48 S. |b graph. Darst. | ||
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| 490 | 1 | |a Discussion paper / Economic Research Centre of the Deutsche Bundesbank |v 2002,23 | |
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Datensatz im Suchindex
| _version_ | 1804129629553819648 |
|---|---|
| adam_text | Contents
1. Introduction 1
2. Theoretical considerations 2
3. The data source 4
4. The capital stock at replacement costs: A new algorithm 4
4.1. A short review of the literature 5
4.2. A new algorithm 9
4.3. A comparison of the different approaches 15
4.4. Estimates of the capital stock 16
5. The Calculation of Q 19
5.1. An Overview of empirical work using the direct forecasting approach 19
5.2. The Calculation of Q using firm level balance sheet data 22
6. Empirical Results 27
6.1. Descriptive evidence 27
6.2. Estimated £ investment functions 29
6.3. Results for classes of firm size 31
7. Conclusion 32
Appendix 34
References 40
List of Tables
Figure 1: The retirement function for average lifetimes of 5 and 10 years 11
Figure 2: Distribution of errors for the different algorithms 16
Figure 3: Sum of calculated capital stocks at replacement values 17
Figure 4: Level and dispersion of the capital stock 17
Figure 5: Estimates by proportional expansion through sales 18
Figure 6:Kernel density estimations for the estimated Qs 27
Figure 7: Kernel regression: I/K = i(J/K . ) 28
Figure 8: Kernel regression: I/K = f( X) 28
Figure 9: Kernel regression: I/K = f(QT) 28
List of Figures
Table 1: Descriptive statistics of the estimated gs 27
Table 2: Descriptive statistics for class sizes 31
Table 3: Average Q investment functions for class sizes 32
Table 4: Marginal Q investment functions for class sizes 32
|
| any_adam_object | 1 |
| author | Behr, Andreas 1967- Bellgardt, Egon |
| author_GND | (DE-588)133124029 |
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| bvnumber | BV014869187 |
| classification_rvk | QB 910 QC 210 |
| ctrlnum | (OCoLC)51700375 (DE-599)BVBBV014869187 |
| discipline | Wirtschaftswissenschaften |
| format | Book |
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| geographic | Deutschland (DE-588)4011882-4 gnd |
| geographic_facet | Deutschland |
| id | DE-604.BV014869187 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T19:08:11Z |
| institution | BVB |
| isbn | 3935821298 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-010055036 |
| oclc_num | 51700375 |
| open_access_boolean | |
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| physical | 48 S. graph. Darst. |
| publishDate | 2002 |
| publishDateSearch | 2002 |
| publishDateSort | 2002 |
| publisher | Dt. Bundesbank |
| record_format | marc |
| series2 | Discussion paper / Economic Research Centre of the Deutsche Bundesbank |
| spelling | Behr, Andreas 1967- Verfasser (DE-588)133124029 aut Dynamic Q-investment functions for Germany using panel balance sheet data and a new algorithm for the capital stock at replacement values Andreas Behr ; Egon Bellgardt Frankfurt am Main Dt. Bundesbank 2002 48 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Discussion paper / Economic Research Centre of the Deutsche Bundesbank 2002,23 Unternehmen (DE-588)4061963-1 gnd rswk-swf Bilanzstatistik (DE-588)4424646-8 gnd rswk-swf Börsenhandel (DE-588)4274168-3 gnd rswk-swf Investitionsverhalten (DE-588)4114046-1 gnd rswk-swf Deutschland (DE-588)4011882-4 gnd rswk-swf Deutschland (DE-588)4011882-4 g Unternehmen (DE-588)4061963-1 s Investitionsverhalten (DE-588)4114046-1 s Börsenhandel (DE-588)4274168-3 s DE-604 Bilanzstatistik (DE-588)4424646-8 s DE-188 Bellgardt, Egon Verfasser aut Economic Research Centre of the Deutsche Bundesbank Discussion paper 2002,23 (DE-604)BV013545109 2002,23 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010055036&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Behr, Andreas 1967- Bellgardt, Egon Dynamic Q-investment functions for Germany using panel balance sheet data and a new algorithm for the capital stock at replacement values Unternehmen (DE-588)4061963-1 gnd Bilanzstatistik (DE-588)4424646-8 gnd Börsenhandel (DE-588)4274168-3 gnd Investitionsverhalten (DE-588)4114046-1 gnd |
| subject_GND | (DE-588)4061963-1 (DE-588)4424646-8 (DE-588)4274168-3 (DE-588)4114046-1 (DE-588)4011882-4 |
| title | Dynamic Q-investment functions for Germany using panel balance sheet data and a new algorithm for the capital stock at replacement values |
| title_auth | Dynamic Q-investment functions for Germany using panel balance sheet data and a new algorithm for the capital stock at replacement values |
| title_exact_search | Dynamic Q-investment functions for Germany using panel balance sheet data and a new algorithm for the capital stock at replacement values |
| title_full | Dynamic Q-investment functions for Germany using panel balance sheet data and a new algorithm for the capital stock at replacement values Andreas Behr ; Egon Bellgardt |
| title_fullStr | Dynamic Q-investment functions for Germany using panel balance sheet data and a new algorithm for the capital stock at replacement values Andreas Behr ; Egon Bellgardt |
| title_full_unstemmed | Dynamic Q-investment functions for Germany using panel balance sheet data and a new algorithm for the capital stock at replacement values Andreas Behr ; Egon Bellgardt |
| title_short | Dynamic Q-investment functions for Germany using panel balance sheet data and a new algorithm for the capital stock at replacement values |
| title_sort | dynamic q investment functions for germany using panel balance sheet data and a new algorithm for the capital stock at replacement values |
| topic | Unternehmen (DE-588)4061963-1 gnd Bilanzstatistik (DE-588)4424646-8 gnd Börsenhandel (DE-588)4274168-3 gnd Investitionsverhalten (DE-588)4114046-1 gnd |
| topic_facet | Unternehmen Bilanzstatistik Börsenhandel Investitionsverhalten Deutschland |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010055036&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV013545109 |
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