Format
A data frame with 20 observations on the following 7 variables.
All variables are numeric vectors.
Variables ending in .g correspond to General Electric and
those ending in .w are Westinghouse.
- year
- The observations are the years from 1934 to 1953
- invest.g, invest.w
- investment figures.
These are $I=$ Gross investment =
additions to plant and equipment plus maintenance and repairs
in millions of dollars deflated by $P_1$.
- capital.g, capital.w
- capital stocks.
These are $C=$ The stock of plant and equipment =
accumulated sum of net additions to plant and equipment deflated
by $P_1$ minus depreciation allowance deflated by $P_3$.
- value.g, value.w
- market values.
These are $F=$ Value of the firm =
price of common and preferred shares at December 31
(or average price of December 31 and January 31 of the following year)
times number of common and preferred shares outstanding plus
total book value of debt at December 31 in millions of
dollars deflated by $P_2$.
Source
Table 10 of:
Boot, J. C. G. and de Wit, G. M. (1960)
Investment Demand: An Empirical Contribution to the Aggregation Problem.
International Economic Review,
1, 3--30. Grunfeld, Y. (1958)
The Determinants of Corporate Investment.
Unpublished PhD Thesis (Chicago).