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Fixing Swiss potholes: The importance and cyclical nature of improvements

  • Dueker, Michael J.
  • Fischer, Andreas M.

This note sheds new light on the dynamic properties of maintenance and repair and examines the behavior of an additional form of capital spending- that of improvements. The analysis examines a unique long-run data set on Swiss road spending.

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File URL: http://www.sciencedirect.com/science/article/B6V84-48D70C0-C/2/a8e41fad609bd42e03b211dae34666d4
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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 79 (2003)
Issue (Month): 3 (June)
Pages: 409-415

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Handle: RePEc:eee:ecolet:v:79:y:2003:i:3:p:409-415
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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  1. Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 1990. "Labor Hoarding and the Business Cycle," NBER Working Papers 3556, National Bureau of Economic Research, Inc.
  2. Robert G. King & Sergio T. Rebelo, 2000. "Resuscitating Real Business Cycles," RCER Working Papers 467, University of Rochester - Center for Economic Research (RCER).
  3. Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 1995. "Sectoral Solow Residuals," NBER Working Papers 5286, National Bureau of Economic Research, Inc.
  4. Ellen R. McGrattan & James A. Schmitz, Jr., 1999. "Maintenance and repair: too big to ignore," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall, pages 2-13.
  5. Ambler, Steve & Paquet, Alain, 1994. "Stochastic Depreciation and the Business Cycle," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 35(1), pages 101-16, February.
  6. Steve Ambler & Alain Paquet, 1992. "Stochastic Depreciation and the Business Cycle Puzzle," Cahiers de recherche CREFE / CREFE Working Papers 8, CREFE, Université du Québec à Montréal.
  7. Omar LICANDRO & Luis A. PUCH, 2000. "Capital Utilization, Maintenance Costs and the Business Cycle," Annales d'Economie et de Statistique, ENSAE, issue 58, pages 143-164.
  8. Collard, Fabrice & Kollintzas, Tryphon, 2000. "Maintenance, Utilization, and Depreciation along the Business Cycle," CEPR Discussion Papers 2477, C.E.P.R. Discussion Papers.
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