ECONOMETRIC TESTING OF INVESTMENT INCENTIVES: UPDATE OF MARLOW MODEL

The authors re-examine investment incentives and the factors expected to be relevant to shipping investment decisions in the United Kingdom, according to standard econometric methods by Marlow. Marlow's model is reviewed and extended to the present day. By respecifying the dependent variable as a gross investment rate--allowing for the possibility that the impact of investment decision may be lagged and by introducing changes in world conditions rather than their levels--the results change significantly. A distinct and positive relationship exists between incentives and new investment in ships.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/2899960
• Corporate Authors:

  Taylor & Francis

  4 Park Square, Milton Park
  Abingdon,   United Kingdom  OX14 4RN
• Authors:
  • McWilliams, D
  • Norwood, P
  • Parfitt, A
• Publication Date: 1995-7

Language

• English

Media Info

• Features: Appendices; Figures; References;
• Pagination: p. 265-275
• Serial:
  • Maritime Policy & Management
  • Volume: 22
  • Issue Number: 3
  • Publisher: Taylor & Francis
  • ISSN: 0308-8839
  • EISSN: 1464-5254
  • Serial URL: http://www.tandfonline.com/loi/tmpm20

Subject/Index Terms

• TRT Terms: Econometric models; Incentives; Investments; Shipping; Variables
• Uncontrolled Terms: Relationships
• Old TRIS Terms: Shipping industries
• Subject Areas: Administration and Management; Finance; Marine Transportation;

Filing Info

• Accession Number: 00711620
• Record Type: Publication
• Files: TRIS
• Created Date: Sep 26 1995 12:00AM