| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7925 |
| 来源ID | Working Paper 7925 |
| On the Nature of Capital Adjustment Costs | |
| Russell W. Cooper; John C. Haltiwanger | |
| 发表日期 | 2000-09-01 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | 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. |
| URL | https://www.nber.org/papers/w7925 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565510 |
| 推荐引用方式 GB/T 7714 | Russell W. Cooper,John C. Haltiwanger. On the Nature of Capital Adjustment Costs. 2000. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w7925.pdf（339KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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