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Persistance du comportement d’investissement dans le secteur manufacturier français

Author

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  • Marco Grazzi
  • Nadia Jacoby
  • Tania Treibich

Abstract

?This article studies French manufacturing firms? investment process over the 1996-2007 period. We confirm the presence of investment spikes but we also identify a certain level of continuity in investment rates over time, as indicated by a weak but persistant autocorrelation coefficient. Indeed, the investment rate is significantly and positively correlated with its past values up to the tenth lag. Moreover, the estimation of the autoregressive coefficient shows that the investment rate is partially explained by its past value. These results can be explained by capital indivisibility, which however requires several investment episodes to be fully integrated in the firm?s production process. ?

Suggested Citation

  • Marco Grazzi & Nadia Jacoby & Tania Treibich, 2015. "Persistance du comportement d’investissement dans le secteur manufacturier français ," Revue d'économie industrielle, De Boeck Université, vol. 0(2), pages 51-79.
  • Handle: RePEc:cai:reidbu:rei_150_0051
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    Cited by:

    1. Mario BENASSI & Matteo LANDONI & Francesco RENTOCCHINI, 2017. "University Management Practices and Academic Spin-offs," Departmental Working Papers 2017-11, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.

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