RDP 2007-09: Private Business Investment in Australia References

Andersen M and R Subbaraman (1996), ‘Share Prices and Investment’, RBA Research Discussion Paper No 9610.

Bakhshi H, N Oulton and J Thompson (2003), ‘Modelling Investment when Relative Prices are Trending: Theory and Evidence for the United Kingdom’, Bank of England Working Paper No 189.

Barnes S, Price S and M Sebastia-Barriel (2007), ‘The Elasticity of Substitution: Evidence from a UK Firm-Level Data Set’, paper presented at the 2007 ASSA conference, Chicago, available at <http://www.aeaweb.org/annual_mtg_papers/2007/0105_1015_1303.pdf>.

Bean CR (1981), ‘An Econometric Model of Manufacturing Investment in the UK’, Economic Journal, 91(361), pp 106–121.

Belsley DA, E Kuh and RE Welsch (1980), Regression Diagnostics: Identifying Influential Data and Sources of Collinearity, Wiley, New York.

Bond J and J Hernandez (2003), ‘Modelling Australian Private Business Investment’, paper presented at the 32^nd Conference of Economists and Economic History Society of Australia and New Zealand Conference, Canberra, 29 September–1 October.

Butlin NG (1962), Australian Domestic Product, Investment and Foreign Borrowing, 1861–1938/39, Cambridge University Press, Cambridge.

Butlin M (1977), ‘A Preliminary Annual Database 1900/01 to 1973/74’, RBA Research Discussion Paper No 7701.

Caballero RJ (1994), ‘Small Sample Bias and Adjustment Costs’, Review of Economics and Statistics, 76(1), pp 52–58.

Chirinko RS (1993), ‘Business Fixed Investment Spending: Modeling Strategies, Empirical Results, and Policy Implications’, Journal of Economic Literature, 31(4), pp 1875–1911.

Cook RD (1977), ‘Detection of Influential Observations in Linear Regression’, Technometrics, 19(1), pp 15–18.

Debelle G and B Preston (1995), ‘Consumption, Investment and International Linkages’, RBA Research Discussion Paper No 9512.

Denton FT (1971), ‘Adjustment of Monthly or Quarterly Series to Annual Totals: An Approach Based on Quadratic Minimization’, Journal of the American Statistical Association, 66(333), pp 99–102.

Dews N, J Hawkins and T Horton (1992), ‘Measuring the Cost of Capital in Australia’, RBA Research Discussion Paper No 9205.

Edey M, E Kerrison and G Menzies (1987), ‘Transmission of External Shocks in the RBII Model’, paper presented at the 16^th Conference of Economists, Queensland, 23–27 August.

Ellis C and S Price (2004), ‘UK Business Investment and the User Cost of Capital’, The Manchester School Supplement, 72(1463–6786), pp 72–93.

Foster RA (1996), ‘Australian Economic Statistics 1949–50 to 1994–95’, RBA Occasional Paper No 8.

Fox J (1991), Regression Diagnostics, SAGE Publications, California.

Gordon RJ (1997), ‘The Time-Varying NAIRU and its Implications for Economic Policy’, Journal of Economic Perspectives, 11(1), pp 11–32.

Gordon RJ (2001), ‘Response from Robert J. Gordon’, Journal of Economic Perspectives, 15(3), pp 258–259.

Hall RE and DW Jorgenson (1967), ‘Tax Policy and Investment Behaviour’, American Economic Review, 57(3), pp 391–414.

Hawkins RG (1979), ‘Business Fixed Investment in the 1970s’, in Reserve Bank of Australia, Conference in Applied Economic Research, 3–4 December.

Hayashi F (1982), ‘Tobin's Marginal Q and Average Q: A Neoclassical Interpretation’, Econometrica, 50(1), pp 213–224.

Jorgenson DW (1963), ‘Capital Theory and Investment Behaviour’, American Economic Review, 53(2), pp 247–259.

La Cava G (2005), ‘Financial Constraints, the User Cost of Capital and Corporate Investment in Australia’, RBA Research Discussion Paper No 2005–12.

MacKinnon JG (1991), ‘Critical Values for Cointegration Tests’, in RF Engle and CWJ Granger (eds), Long-Run Economic Relationships: Readings in Cointegration, Oxford University Press, Oxford, pp 267–276.

Maddock R (1987), ‘The Long Boom 1940–1970’, in R Maddock and IW McLean (eds), The Australian Economy in the Long Run, Cambridge University Press, New York, pp 79–105.

Miller MH and Modigliani F (1961), ‘Dividend Policy, Growth, and the Valuation of Shares’, Journal of Business, 34(4), pp 411–433.

Mills K, S Morling and W Tease (1994), ‘The Influence of Financial Factors on Corporate Investment’, RBA Research Discussion Paper No 9402.

Oliner S, G Rudebusch and D Sichel (1995), ‘New and Old Models of Business Investment: A Comparison of Forecasting Performance’, Journal of Money, Credit and Banking, 27(3), pp 806–826.

Pindyck RS (1991), ‘Irreversibility, Uncertainty, and Investment’, Journal of Economic Literature, 29(3), pp 1110–1148.

Schaller H (2006), ‘Estimating the Long-Run User Cost Elasticity’, Journal of Monetary Economics, 53(4), pp 725–736.

Simes R (1987), ‘The Transmission Mechanism within the NIF88 Model’, paper presented at the Australian Monetary Policy Post-Campbell Conference convened by the University of Melbourne and hosted by the State Bank of Victoria, Baxter Training Centre, 7–8 August.

Swift R (2006), ‘Measuring the Effects of Exchange Rate Changes on Investment in Australian Manufacturing Industry’, Economic Record, 82(Special Issue), pp S19–S25.

Tevlin S and K Whelan (2003), ‘Explaining the Investment Boom of the 1990s’, Journal of Money, Credit and Banking, 35(1), pp 1–22.

Tobin J (1969), ‘A General Equilibrium Approach to Monetary Theory’, Journal of Money, Credit and Banking, 1(1), pp 15–29.

Vamplew W (ed) (1987), Australians: Historical Statistics, Australians: A Historical Library, Volume 10, Fairfax, Syme & Weldon Associates, Sydney.