Sectoral Fluctuations in U.K. Firms' Investment Expenditures

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Sectoral Fluctuations in U.K. Firms' Investment Expenditures

Author Info

Christopher F. Baum () (Boston College)
Mustafa Caglayan (University of Sheffield)
Neslihan Ozkan () (University of Bristol)

Additional information is available for the following registered author(s):

Abstract

In this paper, employing VAR and factor analytic models with quarterly U.K. sectoral business investment data, we show that both common and sector--specific shocks play important roles in explaining business investment fluctuations.

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Publisher Info
Paper provided by Boston College Department of Economics in its series Boston College Working Papers in Economics with number 520.

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Length: 11 pages
Date of creation: 12 Jan 2002
Date of revision: 15 Jun 2003
Publication status: Published, Economics Bulletin, Vol. 5, No. 13, 2003.
Handle: RePEc:boc:bocoec:520

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For technical questions regarding this item, or to correct its listing, contact: (Christopher F Baum).

Other versions of this item:

Article
- Christopher Baum & Mustafa Caglayan & Neslihan Ozkan, 2003. "Sectoral fluctuations in U.K. firms' investment expenditures," Economics Bulletin, Economics Bulletin, vol. 5(13), pages 1-10. [Downloadable!]
Paper
- Mustafa Caglayan & Neslihan Ozkan & Christopher F Baum, 2002. "Sectoral Fluctuations in U.K. Firms' Investment Expenditures," Research Papers 2002_01, University of Liverpool, Department of Economics and Accounting. [Downloadable!]

Find related papers by JEL classification:
C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models
E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

This paper has been announced in the following NEP Reports:

NEP-ALL-2002-06-13 (All new papers)

References listed on IDEAS
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Other versions:
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Gregory W. Huffman & Mark A. Wynne, 1995. "The role of intratemporal adjustment costs in a multi-sector economy," Working Papers 95-08, Federal Reserve Bank of Dallas.
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Lawrence H. Summers, 1986. "Some skeptical observations on real business cycle theory," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall, pages 23-27. [Downloadable!]
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Cooper, Russell & Haltiwanger, John, 1990. "Inventories and the Propagation of Sectoral Shocks," American Economic Review, American Economic Association, vol. 80(1), pages 170-90, March. [Downloadable!] (restricted)
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- Russell Cooper & John C. Haltiwanger, 1990. "Inventories and the Propagation of Sectoral Shocks," NBER Working Papers 2425, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
Long, John B, Jr & Plosser, Charles I, 1987. "Sectoral vs. Aggregate Shocks in the Business Cycle," American Economic Review, American Economic Association, vol. 77(2), pages 333-36, May. [Downloadable!] (restricted)
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Kwiatkowski, Denis & Phillips, Peter C. B. & Schmidt, Peter & Shin, Yongcheol, 1992. "Testing the null hypothesis of stationarity against the alternative of a unit root : How sure are we that economic time series have a unit root?," Journal of Econometrics, Elsevier, vol. 54(1-3), pages 159-178. [Downloadable!] (restricted)
Other versions:
- Denis Kwiatkowski & Peter C.B. Phillips & Peter Schmidt, 1991. "Testing the Null Hypothesis of Stationarity Against the Alternative of a Unit Root: How Sure Are We That Economic Time Series Have a Unit Root?," Cowles Foundation Discussion Papers 979, Cowles Foundation, Yale University. [Downloadable!]
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