Irreversibilities in fixed capital adjustment - Evidence from Mexican and Colombian plants

被引：0

作者：

Gelos, RG

Isgut, A

机构：

[1] Int Monetary Fund, Dept Res, Washington, DC 20431 USA

[2] Wesleyan Univ, Dept Econ, Middletown, CT 06549 USA

来源：

ECONOMICS LETTERS | 2001年 / 74卷 / 01期

关键词：

adjustment costs; investment; irreversibilities; plant-level evidence;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (C) 2001 Elsevier Science B.V. All rights reserved.

引用

页码：85 / 89

页数：5

共 8 条

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