000004174 001__ 4174
000004174 005__ 20250211155901.0
000004174 0247_ $$a10.34989/srs-1$$2DOI
000004174 035__ $$a10.34989/srs-1
000004174 041__ $$aeng
000004174 245__ $$aQuarterly Business Capital Expenditures
000004174 260__ $$bBank of Canada
000004174 269__ $$a1969
000004174 300__ $$a1 online resource (xiii, 82 pages)
000004174 336__ $$aText
000004174 347__ $$bPDF
000004174 500__ $$aThis paper reports on the research underlying the business capital expenditure equations used in RDX1, the experimental aggregate model of the economy being developed in the Research Department of the Bank of Canada.
000004174 520__ $$aThis study explains the theory and empirical experiments underlying the two business fixed capital expenditure equations used in RDX1, an aggregate quarterly model of the Canadian economy. Econometric descriptions of behaviour are never final, even when the behaviour in question is fairly straightforward. In the field of investment behaviour, where decision makers and researchers alike operate under conditions of considerable uncertainty, almost any equation must be regarded as a stopgap whose use is only justified under the pretext that it is temporary. Even while research is continuing it often makes sense to stop and chronicle the progress to date, in part to help others on the same route and in part to clarify the remaining problems. When one must produce some equation or other in a specified time, as we had to do for the RDX1 model, there is an added incentive to spell out progress to date so that the equation can be duplicated for the aggregate model.$$7Abstract
000004174 540__ $$aCreative Commons Attribution 4.0 International$$uhttps://creativecommons.org/licenses/by/4.0/legalcode$$fCC-BY-4.0
000004174 7001_ $$aEvans, R. G.
000004174 7001_ $$aHelliwell, John F.
000004174 8301_ $$aStaff Research Study
000004174 8301_ $$aTravail de recherche
000004174 8564_ $$uhttps://www.oar-rao.bank-banque-canada.ca/record/4174/files/srs-1969-1.pdf$$936ea48ee-ae33-4bab-8d59-9521ba749806$$s55879853$$zFile Source: Gifted from the Canadian Tax Foundation Library, digitized by the Bank of Canada, 2024
000004174 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:4174$$pbibliographic
000004174 980__ $$aStaff Research
000004174 980__ $$aRDM
000004174 980__ $$aDigitized
000004174 991__ $$aPublic