Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics
收藏NBER2007-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12845
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资源简介：
We study a model of lumpy investment wherein establishments face persistent shocks to common and plant-specific productivity, and nonconvex adjustment costs lead them to pursue generalized (S,s) investment rules. We allow persistent heterogeneity in both capital and total factor productivity
提供机构：
美国国家经济研究局
创建时间：
2007-01-01
