CHAP017Investment(宏观经济学-曼昆,英文版).pdfVIP

Chapter17 Investment  Business fixed investment  Residential investment  Inventory investment  Conclusion Business Fixed Investment  The rental price of capital ： MPK = R/P  The cost of capital Cost of capital = i P k - P k + δP k = P ( i - P k / P k + δ) ＝ P k （r + δ） Real cost of capital = ( P k / P ) ( r + δ)  The determinants of investment Profit rate = Revenue – Cost = R/ P - ( P k / P ) ( r + δ)= MPK - ( P k / P ) ( r + δ) K = In [MPK - ( P k / P ) ( r + δ)] I = In [MPK - ( P k / P ) ( r + δ)] MPK = ( P k / P ) ( r + δ) 