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Explaining investment dynamics in U.S. manufacturing a generalized (S,s) approach by Ricardo J. Caballero

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Published by Dept. of Economics, Massachusetts Institute of Technology in Cambridge, Mass .
Written in English


Book details:

Edition Notes

Statementby Ricardo J. Caballero and Eduardo M.R.A. Engel
SeriesWorking paper / Dept. of Economics -- no. 94-32, Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 94-32.
ContributionsEngel, Eduardo
The Physical Object
Pagination35 p. :
Number of Pages35
ID Numbers
Open LibraryOL24637723M
OCLC/WorldCa31407124

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In this paper we derive a model of aggregate investment that builds from the lumpy microeconomic behavior of firms facing stochastic fixed adjustment costs. Instead of the standard sharp (S,s) bands, firms' adjustment policies . In this paper we derive a model of aggregate investment that builds from the lumpy microeconomic behavior of firms facing stochastic fixed adjustment costs. Instead of the standard sharp (S,s) bands, Cited by: texts All Books All Texts latest This Just In Smithsonian Libraries FEDLINK Explaining investment dynamics in U.S. manufacturing: a generalized (S,s) approach Explaining investment dynamics in U.S. manufacturing Pages: Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach Ricardo J. Caballero, Eduardo M.R.A. Engel. NBER Working Paper No. Issued in October NBER Cited by:

Attheplantlevel,leavingasideminorupgradesandrepairs,investmentisintermittent and lumpy rather is starkly documented in Doms and Dunne (). They usetheLongitudinal Research . Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach. [Ricardo J Caballero; Eduardo Engel] -- In this paper we derive a model of aggregate investment that builds . The passivity of normal times is, occasionally, more than offset by the brisk response to large accumulated shocks. Using within and out‐of‐sample criteria, we find that the model performs substantially better than the standard linear models of investment for postwar sectoral U.S. manufacturing equipment and structures investment . Estimating the aggregate model by maximum likelihood, we find clear evidence supporting non-linear models over linear ones for postwar sectoral U.S. manufacturing equipment and structures investment.

Books at Amazon. The Books homepage helps you explore Earth's Biggest Bookstore without ever leaving the comfort of your couch. Here you'll find current best sellers in books, new releases in books, deals in books. Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach In this paper, the authors derive a model of aggregate investment that builds from the lumpy microeconomic . EXPLAINING INVESTMENT DYNAMICS IN U.S. MANUFACTURING: A GENERALIZED (S,s) APPROACH. In this papcr me derive a moilel of aggregate in\cstnient that huilils from the lump! . Manufacturing R&D investment in the U.S. is now at an all-time high at $ billion, or 75% of total U.S. private sector R&D. 11 Manufacturing firms at the forefront of new technologies have particularlyFile Size: KB.