Neoclassical Theory and Empirical Models of Aggregate Firm Behaviour

Inhaltsverzeichnis

• I. Introduction.
• 1.1 Scope and significance.
• 1.2 Methodological considerations.
• 1.3 An outline of the remaining chapters.
• II. Some elements from the neoclassical research programme of the firm.
• 2.1 Introduction.
• 2.2 Keynesian theories of the firm.
• 2.3 The neoclassical programme.
• 2.4 An outline of the structure of the models of this study.
• III. A neoclassical model of a firm subject to a putty-putty technology.
• 3.1 The market- and information structure.
• 3.2 The production structure.
• 3.3 The full model.
• 3.4 Existence of an optimal policy.
• 3.5 Necessary conditions for an optimal policy.
• 3.6 Approximate solutions.
• 3.7 Comparison with the stock adjustment specification.
• IV. Vintage technologies and the theory of the firm.
• 4.1 Introduction.
• 4.2 The structure of putty-clay models.
• 4.3 A general putty-clay model.
• V Estimation and empirical testing of the putty-putty model.
• 5.1 Discrete-time adaptions.
• 5.2 The construction of the expectations.
• 5.3 Estimation.
• 5.4 Model specification tests.
• 5.5 Model characteristics.
• 5.6 Trends and fluctuations.
• VI. Estimation and testing of the putty-clay model.
• 6.1 Discrete-time adaptions.
• 6.2 Estimation.
• 6.3 Model specification tests.
• 6.4 Model characteristics.
• 6.4.1 Stochastic stability.
• 6.5 Trends and fluctuations.
• VII. Summary and conclusion.
• 7.1 Summary.
• 7.2 Conclusion.
• List of symbols.
• References.
• Author index.