THE DETERMINANTS OF INVESTMENT IN GREEK MANUFACTURING

被引：4
|
作者：
KASKARELIS, IA
机构：
[1] Department of Economics, University of Macedonia, GR 54006, Salonica, 156 Egnalia Str.
来源：
APPLIED ECONOMICS | 1993年 / 25卷 / 08期
关键词：
D O I：
10.1080/00036849300000092
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
An attempt is made to provide some insight into the determinants of manufacturing investment in Greece. For this purpose an accelerator-relative costs-profits model is used and both the putty-putty and putty-clay versions are examined. Estimates reveal that demand and profits factors play an important role in investment decision while the impact of relative inputs cost is significant mainly in the short run. Window regression experiments show that there is a dramatic fall in profits elasticity of investment and a corresponding increase in the significance of demand factor in the later periods.
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页码：1125 / 1135
页数：11
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