Investment provides an examination of the key macroeconomic theories which underpin fixed asset investment. It would make ideal reading for an intermediate level macroeconomics course or a module on fixed asset investment taking an applied macroeconomic perspective.

PART I: INTRODUCTION Introduction An Overview of Concepts and Approaches PART II: THEORETICAL ISSUES The Intellectual Ancestors: Irving Fisher and Maynard Keynes Accelerator Theory Jorgenson's Model of Investment The Limitations of Jorgenson's Model Putty Clay Models of Investment Adjustment Costs and q Theory Uncertainty and Investement Post Keynesian Analysis of Investment PART III: TESTING THE THEORIES Comparing Jorgenson's Model and Accelerator Theory: Evidence from the UK Uncertainty in Competing Models of Investment: Evidence from the USA PART IV: EMPIRICAL APPLICATIONS OF INVESTMENT PRINCIPLES Computing Investment in the New Economy: US Evidence Investment and Development: A Cross Sectional Analysis Residential Investment: Bubbles and Crashes in the UK Housing Market 1980-99 PART V: CONCLUSION Concluding Remarks Bibliography Statistical Appendix: Some Basic Econometric Techniques Glossary.