Econometrics Vol. 2 : Econometrics and the Cost of Capital

by Lawrence J. Lau (Ed.)

• ISBN13: 9780262100830
• ISBN10: 0262100835
• Format: Hardcover
• Copyright: 2000-10-23
• Publisher: Mit Pr

Summary

The essays in this volume provide a comprehensive view of applications of the cost of capital. The cost of capital is the key concept in the analysis of taxation of business income. It is also critical to the formulation of a new system of national accounts, where it plays the role of the price of capital services. Empirical measurements of productivity and economic welfare generated by these accounts underlie recent innovations in the econometric modeling of consumer and producer behavior.

Table of Contents

List of Tables
Preface
About the Authors
Biography
List of Publications
Ph.D. Thesis Advisees
Research on the Cost of Capital: Past, Present, and Future	p. 1
The International Consequences of the Leading Consumption Tax Proposals	p. 35
The Cost of Capital and Regulation	p. 47
The Cost of Capital, Q, and the Theory of Investment Demand	p. 55
The Cost of Capital and the Measurement of Productivity	p. 85
The Jorgenson System of National Accounting	p. 111
Does Infrastructure Investment Increase the Productivity of Manufacturing Industry in the U.S.?	p. 143
The Cost of Capital and Consumer Behavior	p. 165
Innovations in Applied Welfare Economics	p. 187
The Cost of Capital and Intertemporal General Equilibrium Modeling of Tax Policy Effects	p. 227
Progress in Measuring the Price and Quantity of Capital	p. 273
Modeling Trade Policies and U.S. Growth: Some Methodological Issues	p. 327
The Cost of Capital and the Economics of the Environment	p. 379
References	p. 407
Index	p. 443
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