The Recent Behavior of Business Fixed Investment in the United States and the Role of Computers.

In the 1980s, U.S. real investment in high technology equipment has grown rapidly while other components of business fixed investment have been weak. The surge in real high technology investment has been accompanied by a very sharp decline in its relative price, leading to difficult index number pro...

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Співавтор: International Monetary Fund
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 1989.
Серія:IMF Working Papers; Working Paper ; No. 1989/097
Онлайн доступ:Full text available on IMF
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110 2 |a International Monetary Fund. 
245 1 4 |a The Recent Behavior of Business Fixed Investment in the United States and the Role of Computers. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1989. 
300 |a 1 online resource (44 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a In the 1980s, U.S. real investment in high technology equipment has grown rapidly while other components of business fixed investment have been weak. The surge in real high technology investment has been accompanied by a very sharp decline in its relative price, leading to difficult index number problems. When a previously estimated model of business fixed investment was extended to cover the period through 1988, the equation for nonresidential structures performed much as before while that for producers' durable equipment substantially underpredicted recent actual outcomes. Further disaggregation revealed that the under-prediction related to the computing component. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1989/097 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1989/097/001.1989.issue-097-en.xml  |z IMF e-Library