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ISBN: 9780226184708 0226184706 Year: 2000 Publisher: Chicago (Ill.): University of Chicago press,
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Year: 2000 Publisher: London LSE
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ISBN: 0875844979 Year: 2000 Publisher: Boston, Mass. Harvard Business School Press
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Year: 2000 Publisher: San Francisco, Calif. : Ninth Circuit Office of the Circuit Executive,
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ISBN: 1855647842 Year: 2000 Publisher: London Euromoney books
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Year: 2000 Publisher: Cambridge, Mass. National Bureau of Economic Research
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This paper studies the nature of capital adjustment at the plant-level. We use an indirect inference procedure to estimate the structural parameters of a rich specification of capital adjustment costs. In effect, the parameters are optimally chosen to reproduce the nonlinear relationship between investment and profitability that we uncover in the plant-level data. Our findings indicate that a model which mixes both convex and nonconvex adjustment costs with irreversibility fits the data best.
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Year: 2000 Publisher: San Francisco, Calif. : Ninth Circuit Office of the Circuit Executive,
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ISBN: 9789211212655 9211212650 Year: 2000 Publisher: Santiago, Chile: United Nations. Economic commission for Latin America and the Caribbean,
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