Explaining aggregate investment in Britain: the importance of Tobin's Q

Oulton, Nicholas

(1978) Explaining aggregate investment in Britain: the importance of Tobin's Q Economics Letters, 1 (3). pp. 253-257. ISSN 0165-1765

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This note reports on work done in testing Tobin's 'Q' theory of investment on British data. Investment by industrial and commercial companies over 1960-1977 was studied. Q was found to be both significant and important, outperforming other plausible variables.

Item Type	Article
Copyright holders	© 1978 Elsevier B.V.
Departments	LSE
DOI	10.1016/0165-1765(78)90034-4
Date Deposited	11 Nov 2020 02:04
URI	https://researchonline.lse.ac.uk/id/eprint/107412

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Oulton, Nicholas

http://www.scopus.com/inward/record.url?scp=49349136919&partnerID=8YFLogxK (Scopus publication)
https://www.sciencedirect.com/journal/economics-le... (Official URL)

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