Irreversibilities in fixed capital adjustment

Autor:	Alberto Isgut, R. Gaston Gelos
Rok vydání:	2001
Předmět:	Capital stock Economics and Econometrics Labour economics media_common.quotation_subject Nonparametric statistics Economics Monetary economics Fixed capital Function (engineering) Investment (macroeconomics) Finance media_common
Zdroj:	Economics Letters. 74:85-89
ISSN:	0165-1765
Popis:	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.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::e3baa223ee294ccefc58d807a27aea21 https://doi.org/10.1016/s0165-1765(01)00510-9 Zobrazit plný text záznamu Full Text from ScienceDirect