Investment Behavior in the Iron and Steel Industry of the United States Phase II: Conditional Forecasts and Supply of Funds Model

Details

• Personal Author:
  Crandall RM ; Nelson JP
• Description:
  The summary of the conditional forecasts concludes that tax policy alone will not be sufficient to attain the expenditure level of $2.9 To $3.5 billion per year targeted by the American Iron and Steel Institute. The implied shortfall will amount to between $0.6 To $1.2 billion per year in constant 1973 dollars. The summary of the recursive model can be stated as an attempt to trace the flow of funds through the business firm in terms of (1) gross cash flow, (2) corporate tax payments on earnings, (3) dividends and retained earnings, (4) gross retained earnings, and (5) stock of long-term debt. The model is recursive rather than simultaneous, implying the absence of strong equilibrium assumptions in the model. Briefly surveyed are the explanatory variables incorporated in each of five behavioral equations. Three of the more important assumptions of the model include (1) economic rationality and maximization of long- run profit, (2) a constant rate of economic depreciation for long periods, and (3) a constant before-tax discount rate in any given period. [Description provided by NIOSH]
• Subjects:
  Economics Occupational Health Safety
• Keywords:
  Iron industry; Steel industry; Costs; Policy; Economics; Cost estimates; Cost analyses; Work operations; Models; Economic analysis; Economic impact
• Series:
  Mining Publications
• Subseries:
  Open File Report
• Document Type:
  Text
• Funding:
  Contract
• Genre:
  Conference Publications ; Final Contract Report
• Place as Subject:
  OSHA Region 3 ; Pennsylvania
• CIO:
  National Institute for Occupational Safety and Health (NIOSH)
• Division:
  WO - Washington Office
• Topic:
  Workplace Safety & Health
• Location:
  North America
• Pages in Document:
  1-259
• NIOSHTIC Number:
  nn:10008108
• NTIS Accession Number:
  PB-261543
• Citation:
  NTIS: PB 261 543 Available for Reference At Bureau Libraries, 1976; :1-259
• CAS Registry Number:
  Iron (CAS RN 7439-89-6)
• Federal Fiscal Year:
  1976
• Performing Organization:
  Pennsylvania State University
• Peer Reviewed:
  False
• Source Full Name:
  NTIS: PB 261 543; Available for Reference At Bureau Libraries
• Collection(s):
  National Institute for Occupational Safety and Health
• Main Document Checksum:
  urn:sha-512:61d59847f1194e3db0cc9688c98c0fa0fa796e4740412fd129f5ed0a1cd6fa4f08915d5413b44b2365215cefe6fff2ae400b598606c8c05d1cf360605dcf654b
• Download URL:
  https://stacks.cdc.gov/view/cdc/235050/cdc_235050_DS1.pdf
• File Type:
  [PDF - 73.92 MB ]