Abstract
In this chapter we shall develop a fixed-capital investment function and a housing investment function. This will enable us to treat two of the components of I which appear in relationship (3.11), namely Igf(desired real gross fixed-capital investment) and Igh (desired real gross housing investment), as jointly determined variables rather than as data and thereby to remedy, to some extent, the weaknesses which remain in Model III. We shall turn to the remaining components of I (Iri and Ici) in the next chapter.
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Reading List
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© 1971 Ajit K. Dasgupta and A. J. Hagger
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Dasgupta, A.K., Hagger, A.J. (1971). The Fixed-capital and Housing Investment Functions. In: The Objectives of Macro-Economic Policy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-01147-6_4
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DOI: https://doi.org/10.1007/978-1-349-01147-6_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-01149-0
Online ISBN: 978-1-349-01147-6
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