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000022919 037__ $$a429-2016-28884
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000022919 041__ $$aen
000022919 245__ $$aTAXATION, COST OF CAPITAL AND INVESTMENT IN AUSTRALIAN AGRICULTURE
000022919 260__ $$c1988-04
000022919 269__ $$a1988-04
000022919 300__ $$a7
000022919 336__ $$aJournal Article
000022919 446__ $$aEnglish
000022919 520__ $$aThe concept and measurement of the cost of capital is developed to include particularly the role of taxation in investment behaviour. The relative importance of factors influencing investment in plant and machinery is examined for five sectors which make up the broadacre industry of Australia. It is shown that residual funds are important in determining plant and machinery investment, but not through the normally hypothesised channels. It is not the increased liquidity from increased income which raises investment, but the fall in the cost of capital, which is associated with the marginal rate of tax.
000022919 650__ $$aPublic Economics
000022919 700__ $$aLewis, Philip E.T.
000022919 700__ $$aHall, Nigel H.
000022919 700__ $$aSavage, C.R.
000022919 700__ $$aKingston, A.G.
000022919 773__ $$dApril 1988$$jVolume 32$$kNumber 1$$o21$$q15$$tAustralian Journal of Agricultural Economics
000022919 8564_ $$s368952$$uhttps://ageconsearch.umn.edu/record/22919/files/32010015.pdf
000022919 887__ $$ahttp://purl.umn.edu/22919
000022919 909CO $$ooai:ageconsearch.umn.edu:22919$$pGLOBAL_SET
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  Previous issue date: 1988-04
000022919 982__ $$gAustralian Journal of Agricultural Economics>Volume 32, Number 01, April 1988
000022919 980__ $$a429