xBookUtils.terms['fn_17_501'] = "Economists often measure capital goods in units such that the price of 1 unit of capital equals the price of 1 unit of other goods and services (PK = P). This was the approach taken implicitly in Chapter 8 and Chapter 9, for example. In this case, the steady-state condition says that the marginal product of capital net of depreciation, MPK − d, equals the real interest rate r.";
xBookUtils.terms['fn_17_502'] = "A classic study of how taxes influence investment is Robert E. Hall and Dale W. Jorgenson, “Tax Policy and Investment Behavior,” American Economic Review 57 (June 1967): 391–414. For a study of the recent corporate tax changes, see Christopher L. House and Matthew D. Shapiro, “Temporary Investment Tax Incentives: Theory With Evidence From Bonus Depreciation,” American Economic Review 98 (June 2008): 737–768.";
xBookUtils.terms['fn_17_503'] = "To read more about the relationship between the neoclassical model of investment and q theory, see Fumio Hayashi, “Tobin’s Marginal q and Average q: A Neoclassical Approach,” Econometrica 50 (January 1982): 213–224; and Lawrence H. Summers, “Taxation and Corporate Investment: A q-Theory Approach,” Brookings Papers on Economic Activity 1981, no. 1: 67–140.";
xBookUtils.terms['fn_17_504'] = "A classic reference on the efficient markets hypothesis is Eugene Fama, “Efficient Capital Markets: A Review of Theory and Empirical Work,” Journal of Finance 25 (1970): 383–417. For the alternative view, see Robert J. Shiller, “From Efficient Markets Theory to Behavioral Finance,” Journal of Economic Perspectives 17 (Winter 2003): 83–104.";
xBookUtils.terms['fn_17_505'] = "For empirical work supporting the importance of these financing constraints, see Steven M. Fazzari, R. Glenn Hubbard, and Bruce C. Petersen, “Financing Constraints and Corporate Investment,” Brookings Papers on Economic Activity 1988, no. 1: 141–195.";