Price and Investment Dynamics: An Empirical Analysis of Plant Level Data
| Autor: | Lundin, Magnus, Gottfries, Nils, Lindström, Tomas |
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| Rok vydání: | 2004 |
| Předmět: | |
| Popis: | Price and investment equations are estimated using a unique data set for Swedish manufacturing plants. The empirical specification is based on a theoretical model of a financially constrained firm selling its output in a customer market. We find that, as predicted by our theoretical model, prices respond strongly to cost shocks but are not much affected by variations in demand and high predetermined investment is associated with a higher price. |
| Databáze: | OpenAIRE |
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