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Hardcover | $15.75 Short | £13.95 | 507 pp. | 6.3 x 9 in | October 2000 | ISBN: 9780262100830
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Econometrics - Volume 2, Volume 2

Econometrics and the Cost of Capital
Edited by Lawrence J. Lau


The essays in this volume provide a comprehensive view of applications of the cost of capital. The cost of capital is the key concept in the analysis of taxation of business income. It is also critical to the formulation of a new system of national accounts, where it plays the role of the price of capital services. Empirical measurements of productivity and economic welfare generated by these accounts underlie recent innovations in the econometric modeling of consumer and producer behavior.


“This volume provides a wonderful review of the interplay between economic theory and econometric modeling on many topics in applied economics, including firm investment behavior, consumer behavior, productivity measurement, and national income accounting. Each chapter captures both the excitement and the importance of applied economics, and will make profitable reading for economic researchers at all experience levels.”
James Poterba, Mitsui Professor of Economics, MIT