Irreversibilities in fixed capital adjustment: Evidence from Mexican and Colombian plants
Using two largely novel datasets, we examine how Colombians and Mexicans invest in
response to imbalances between actual and “desired” capital stock levels. Nonparametric
estimates of the average adjustment function support the presence of irreversibilities, but not
of nonconvexities.
response to imbalances between actual and “desired” capital stock levels. Nonparametric
estimates of the average adjustment function support the presence of irreversibilities, but not
of nonconvexities.
[引用][C] Irreversibilities in fixed capital adjustment: Evidence from Mexican and Colombian plants
R Gaston Gelos, A Isgut - Economics Letters, 2001 - ideas.repec.org
… Factor Adjustments after Deregulation: Panel Evidence from Colombian Plants," The
Review of Economics and Statistics, MIT Press, vol. 92(2), pages 378-391, May. … Factor
Adjustments after Deregulation: Panel Evidence from Colombian Plants," CEPR Discussion
Papers 5267, CEPR Discussion Papers. … Are procyclical lumpiness and asymmetry in
capital adjustment dateless phenomena? the case of firms in German industrialization: 1880-1913,"
Applied Economics Letters, Taylor & Francis Journals, vol. 10(9), pages 575-579. …
Review of Economics and Statistics, MIT Press, vol. 92(2), pages 378-391, May. … Factor
Adjustments after Deregulation: Panel Evidence from Colombian Plants," CEPR Discussion
Papers 5267, CEPR Discussion Papers. … Are procyclical lumpiness and asymmetry in
capital adjustment dateless phenomena? the case of firms in German industrialization: 1880-1913,"
Applied Economics Letters, Taylor & Francis Journals, vol. 10(9), pages 575-579. …
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