%0 Journal Article 
%T Desarrollo y contraste de un modelo de inversión dinámico incluyendo las imperfecciones del mercado
%D 2013
%U http://hdl.handle.net/10906/76427
%X In this work, we contrast a dynamic investment model base on Euler Equation for the
industrial sector of the USA Economy. The time stage choose from 1984 to 2012, we took
22 signs that had enough time to build consist data panel. Theeconometric way of
estimation, was the generalized moments method used for Arellano and Bond for dynamic
models with data panel. The used software was Stata.
When include the financing restrictions to the dynamic investment model, like FCF (Free
Cash Flow) and the investment debt. We find the restrictions implications behavior, that
they affect the investment and the adequate way in estimators signs with the theory.
In the FCF case the coefficient signs estimated for sales and invest in the last period was
positive and for the weight of the enterprises and invest square was negative. The theory
and empiric was consistent.
%K Facultad de Ciencias Administrativas y Económicas
%K Producción intelectual registrada - Universidad Icesi
%K Inversiones
%K Flujo de caja
%K Modelos financieros
%K Decisiones de inversión
%K Invest
%K Financial Restrictions
%K Dynamic Models
%K Free Cash Flow
%K Financial Debt
%K Optimal Capital Level
%~ GOEDOC, SUB GOETTINGEN