Investment Functions

In this article we explain the fundamental factors determining investment decisions of firms, which comprise the investment function. By determining the structure of the investment function we can hypothetically estimate this and thus predict how much a given firm ought to be investing, given economic fundamentals. This is interesting because we could then aggregate such Read more about Investment Functions[…]

An Introduction to Post-Keynesianism

I recently attended a 3 day Post-Keynesian Study Group (PKSG) workshop at Kingston University, and here is some of what I learnt on the course. I am sure this will spawn many other research interests, leading to future blog articles on some of the theory discussed. Day 1 The course was to be split up Read more about An Introduction to Post-Keynesianism[…]

UK GDP Growth Shrinks in Q4 2012

http://www.bbc.co.uk/news/business-21193525 The UK economy has shrunk by 0.3% in line with many economists’ predictions. The fall is mainly due to a slowdown in North Sea oil extraction, excluding oil and gas extraction the economy shrank 0.1%. This comes after a previous 0.9% growth in GDP during Q3. Nick Clegg has blamed a lack of capital Read more about UK GDP Growth Shrinks in Q4 2012[…]

Network Rail Investment

http://www.bbc.co.uk/news/uk-20938280 The article shows plans by Network Rail (the government owned firm which is responsible for maintaining the railway networks in the UK) to invest £37.5 billion in infrastructure over the next 5 years. The effect of investment is to shift long run average supply curve rightwards. Investment should improve the speed and capacity of Read more about Network Rail Investment[…]