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Integrating Tobin's Q with Goodwin's Nonlinear Accelerator

João Ricardo Faria
University of Texas at Dallas - Department of Economics & Finance

May 2000

Working Paper No. 104

Abstract:
This paper derives an optimal investment function that combines Tobin's q with Goodwin's nonlinear accelerator. It provides microfoundations to the backward looking behavior of investment in Goodwin's model, and simultaneously allows the study of Tobin's q into a business cycle model.

JEL Classifications: E22, E32

Working Paper Series

Date posted: September 07, 2000 ; Last revised: September 07, 2000

Suggested Citation

Faria, João Ricardo, Integrating Tobin's Q with Goodwin's Nonlinear Accelerator (May 2000). Working Paper No. 104. Available at SSRN: http://ssrn.com/abstract=231653 or doi:10.2139/ssrn.231653

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Contact Information

João Ricardo Faria (Contact Author)

University of Texas at Dallas - Department of Economics & Finance ( email )

P.O. Box 830688, GR31
Richardson, TX 75083
United States
972-883-6402 (Phone)
972-883-6297 (Fax)

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