The Present Value of Profits and Cyclical Movements in Investment
- 1 March 1986
- journal article
- Published by JSTOR in Econometrica
- Vol. 54 (2) , 249
- https://doi.org/10.2307/1913150
Abstract
Much of the empirical work on investment is based on the existence of a relation between investment and the expected present value of marginal profits. In this ...Keywords
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