Zur Mikrostruktur der Investitionsdynamik in der Industrie. Analysen mit Betriebspaneldaten aus Niedersachsen (1995 – 2002)
AbstractThis paper uses panel data for manufacturing firms from Lower Saxony to shed light on the micro-structure of investment dynamics. It looks at seven two-year periods from 1995/96 to 2001/02. Important findings include: Many firms invest in one of two years only. However, the largest part of change in investment from year to year is due to firms which increase or decrease investment. Even in periods of pronounced increase (decrease) of investment in manufacturing as a whole there are many firms with decreasing (increasing) investment. Firms with increasing or decreasing investment coexist in every period in parts of manufacturing defined by product group, technology intensity, or size class. Even in periods of small net changes in investment at the macro level there are huge positive and negative gross changes at the micro level. There simply is no such thing as a representative firm – theoretical models should abandon this construct, and should model the behaviour of heterogeneous firms instead.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Duncker & Humblot, Berlin in its journal Schmollers Jahrbuch.
Volume (Year): 125 (2005)
Issue (Month): 4 ()
Contact details of provider:
Web page: http://www.duncker-humblot.de
Find related papers by JEL classification:
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
- L6 - Industrial Organization - - Industry Studies: Manufacturing
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gabriele Freudenmann).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.