Investment, financial markets and uncertainty

Detalhes bibliográficos
Autor(a) principal: Arestis,Philip
Data de Publicação: 2016
Outros Autores: González-Martinez,Ana Rosa, Dejuán,Óscar
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Economia e Sociedade
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0104-06182016000300511
Resumo: Abstract This contribution provides a theoretical explanation of the accumulation process, which focuses on the presence of correlations between physical and financial investment, and how the latter could affect the former. It also accounts for the influence of the cost of external finance and the impact of financial uncertainty as proxied by the interest rate and the exchange rate respectively; thereby utilising the Keynesian notion of conventions in the determination of investment. Our model is estimated by applying the difference GMM and the system GMM to a panel of 14 OECD countries from 1970 to 2010.
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spelling Investment, financial markets and uncertaintyAccumulationFinancial marketsConventionsUncertaintyKeynesian economics.Abstract This contribution provides a theoretical explanation of the accumulation process, which focuses on the presence of correlations between physical and financial investment, and how the latter could affect the former. It also accounts for the influence of the cost of external finance and the impact of financial uncertainty as proxied by the interest rate and the exchange rate respectively; thereby utilising the Keynesian notion of conventions in the determination of investment. Our model is estimated by applying the difference GMM and the system GMM to a panel of 14 OECD countries from 1970 to 2010.Instituto de Economia da Universidade Estadual de CampinasPublicações2016-12-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0104-06182016000300511Economia e Sociedade v.25 n.3 2016reponame:Economia e Sociedadeinstname:Universidade Estadual de Campinas (UNICAMP)instacron:UNICAMP10.1590/1982-3533.2016v25n3art1info:eu-repo/semantics/openAccessArestis,PhilipGonzález-Martinez,Ana RosaDejuán,Óscareng2017-07-06T00:00:00Zoai:scielo:S0104-06182016000300511Revistahttps://periodicos.sbu.unicamp.br/ojs/index.php/ecosPUBhttps://periodicos.sbu.unicamp.br/ojs/index.php/ecos/oaicbaltar@unicamp.br||ppec@unicamp.br||prates@unicamp.br1982-35330104-0618opendoar:2022-11-08T14:23:34.374295Economia e Sociedade - Universidade Estadual de Campinas (UNICAMP)false
dc.title.none.fl_str_mv Investment, financial markets and uncertainty
title Investment, financial markets and uncertainty
spellingShingle Investment, financial markets and uncertainty
Arestis,Philip
Accumulation
Financial markets
Conventions
Uncertainty
Keynesian economics.
title_short Investment, financial markets and uncertainty
title_full Investment, financial markets and uncertainty
title_fullStr Investment, financial markets and uncertainty
title_full_unstemmed Investment, financial markets and uncertainty
title_sort Investment, financial markets and uncertainty
author Arestis,Philip
author_facet Arestis,Philip
González-Martinez,Ana Rosa
Dejuán,Óscar
author_role author
author2 González-Martinez,Ana Rosa
Dejuán,Óscar
author2_role author
author
dc.contributor.author.fl_str_mv Arestis,Philip
González-Martinez,Ana Rosa
Dejuán,Óscar
dc.subject.por.fl_str_mv Accumulation
Financial markets
Conventions
Uncertainty
Keynesian economics.
topic Accumulation
Financial markets
Conventions
Uncertainty
Keynesian economics.
description Abstract This contribution provides a theoretical explanation of the accumulation process, which focuses on the presence of correlations between physical and financial investment, and how the latter could affect the former. It also accounts for the influence of the cost of external finance and the impact of financial uncertainty as proxied by the interest rate and the exchange rate respectively; thereby utilising the Keynesian notion of conventions in the determination of investment. Our model is estimated by applying the difference GMM and the system GMM to a panel of 14 OECD countries from 1970 to 2010.
publishDate 2016
dc.date.none.fl_str_mv 2016-12-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0104-06182016000300511
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0104-06182016000300511
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/1982-3533.2016v25n3art1
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Instituto de Economia da Universidade Estadual de Campinas
Publicações
publisher.none.fl_str_mv Instituto de Economia da Universidade Estadual de Campinas
Publicações
dc.source.none.fl_str_mv Economia e Sociedade v.25 n.3 2016
reponame:Economia e Sociedade
instname:Universidade Estadual de Campinas (UNICAMP)
instacron:UNICAMP
instname_str Universidade Estadual de Campinas (UNICAMP)
instacron_str UNICAMP
institution UNICAMP
reponame_str Economia e Sociedade
collection Economia e Sociedade
repository.name.fl_str_mv Economia e Sociedade - Universidade Estadual de Campinas (UNICAMP)
repository.mail.fl_str_mv cbaltar@unicamp.br||ppec@unicamp.br||prates@unicamp.br
_version_ 1800216545634287616

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