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Are procyclical lumpiness and asymmetry in capital adjustment dateless phenomena? the case of firms in German industrialization: 1880-1913

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  • B. Sussmuth

Abstract

Based on a descriptive, non-parametric methodology, this article examines lumpiness and investment episodes in the capital formation process of firms in German industrialization. The findings are, not as necessarily expected, remarkably concordant with recent findings for contemporary plant-level data.

Suggested Citation

  • B. Sussmuth, 2003. "Are procyclical lumpiness and asymmetry in capital adjustment dateless phenomena? the case of firms in German industrialization: 1880-1913," Applied Economics Letters, Taylor & Francis Journals, vol. 10(9), pages 575-579.
    • Handle: RePEc:taf:apeclt:v:10:y:2003:i:9:p:575-579
    DOI: 10.1080/1350485032000100224
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    References listed on IDEAS

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    1. Gaston Gelos, R. & Isgut, Alberto, 2001. "Irreversibilities in fixed capital adjustment: Evidence from Mexican and Colombian plants," Economics Letters, Elsevier, vol. 74(1), pages 85-89, December.
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    5. repec:bla:jfinan:v:53:y:1998:i:5:p:1737-1758 is not listed on IDEAS
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