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Citations for "Zeros and Lumps in Investment: Empirical Evidence on Irreversibilities and Nonconvexities"

by Øivind Anti Nilsen & Fabio Schiantarelli

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  1. Bayraktar, Nihal & Sakellaris, Plutarchos & Vermeulen, Philip, 2005. "Real versus financial frictions to capital investment," Working Paper Series 0566, European Central Bank.
  2. González, Andrés & Teräsvirta, Timo & van Dijk, Dick, 2005. "Panel Smooth Transition Regression Models," SSE/EFI Working Paper Series in Economics and Finance 604, Stockholm School of Economics.
  3. Mikael Carlsson & Stefan Laséen, 2005. "Capital Adjustment Patterns In Swedish Manufacturing Firms: What Model Do They Suggest?," Economic Journal, Royal Economic Society, vol. 115(506), pages 969-986, October.
  4. Julian Fennema & Wilko Letterie & Gerard Pfann, 2006. "The Timing of Investment Episodes in the Netherlands," De Economist, Springer, vol. 154(3), pages 373-388, September.
  5. José Varejão & Pedro Portugal, 2007. "Employment Dynamics and the Structure of Labor Adjustment Costs," Journal of Labor Economics, University of Chicago Press, vol. 25, pages 137-165.
  6. Sánchez Mangas, Rocío, 2001. "Estimation of a dynamic discrete choice model of irreversible investment," DES - Working Papers. Statistics and Econometrics. WS ws015628, Universidad Carlos III de Madrid. Departamento de Estadística.
  7. Nilsen, Øivind A. & Vange, Magne, 2016. "Intermittent Price Changes in Production Plants: Empirical Evidence using Monthly Data," Discussion Paper Series in Economics 22/2016, Department of Economics, Norwegian School of Economics.
  8. Omar Licandro, & Reyes Maroto & Luis A. Puch, "undated". "Innovation, investment and productivity: Evidence from Spanish firms," Working Papers 2003-30, FEDEA.
  9. Nilsen, Oivind A. & Salvanes, Kjell G. & Schiantarelli, Fabio, 2007. "Employment changes, the structure of adjustment costs, and plant size," European Economic Review, Elsevier, vol. 51(3), pages 577-598, April.
  10. Marco Grazzi & Nadia Jacoby & Tania Treibich, 2016. "Dynamics of investment and firm performance: comparative evidence from manufacturing industries," Empirical Economics, Springer, vol. 51(1), pages 125-179, August.
  11. Del Boca, Alessandra & Galeotti, Marzio & Rota, Paola, 2008. "Non-convexities in the adjustment of different capital inputs: A firm-level investigation," European Economic Review, Elsevier, vol. 52(2), pages 315-337, February.
  12. Fabio Pieri, 2015. "Vertical organization of production and firm growth behavior," Working Papers 1508, Department of Applied Economics II, Universidad de Valencia.
  13. Magne K. Asphjell & Wilko Letterie & Øivind A. Nilsen & Gerard A. Pfann, 2014. "Sequentiality Versus Simultaneity: Interrelated Factor Demand," The Review of Economics and Statistics, MIT Press, vol. 96(5), pages 986-998, December.
  14. D'Elia, Enrico, 2011. "A simple model of discontinuous firm’s growth," MPRA Paper 35925, University Library of Munich, Germany.
  15. Bena, Jan & Ondko, Peter, 2012. "Financial development and the allocation of external finance," Journal of Empirical Finance, Elsevier, vol. 19(1), pages 1-25.
  16. Kapelko, Magdalena & Oude Lansink, Alfons & Stefanou, Spiro E., 2015. "Analyzing the impact of investment spikes on dynamic productivity growth," Omega, Elsevier, vol. 54(C), pages 116-124.
  17. Martin Falk, 2015. "Returns to investments in new ski lifts: the importance of weather conditions and elevation," ERSA conference papers ersa15p1379, European Regional Science Association.
  18. Abdul-Haque & Shaoping, Wang, 2008. "Uncertainty and investment evidence from a panel of Chinese firms," Structural Change and Economic Dynamics, Elsevier, vol. 19(3), pages 237-248, September.
  19. Fabio Pieri, 2016. "Vertical organization of production and firm growth," DEM Working Papers 2016/01, Department of Economics and Management.
  20. Leif Danziger, 2008. "Adjustment Costs, Inventories and Output," Scandinavian Journal of Economics, Wiley Blackwell, vol. 110(3), pages 519-542, 09.
  21. Mohnen, Pierre & Tiwari, Amaresh & Palm, Franz & Schim van der Loeff, Sybrand, 2007. "Financial Constraint and R&D Investment: Evidence from CIS," MERIT Working Papers 011, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  22. Alex Coad & Werner Hölzl, 2010. "Firm Growth: Empirical Analysis," WIFO Working Papers 361, WIFO.
  23. Pascal François & Georges Hubner & Nicolas Papageorgiou, 2009. "A Dynamic Model of Risk-Shifting Incentives with Convertible Debt," Cahiers de recherche 0930, CIRPEE.
  24. Fabio Verona, 2014. "Investment Dynamics with Information Costs," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(8), pages 1627-1656, December.
  25. Stefanou, Spiro E., 2009. "A Dynamic Characterization of Efficiency," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 10(1), January.
  26. Øivind A. Nilsen & Arvid Raknerud & Marina Rybalka & Terje Skjerpen, 2005. "Lumpy Investments, Factor Adjustments and Productivity," Discussion Papers 441, Statistics Norway, Research Department.
  27. Russell W. Cooper & John C. Haltiwanger, 2006. "On the Nature of Capital Adjustment Costs," Review of Economic Studies, Oxford University Press, vol. 73(3), pages 611-633.
  28. Lewbel, Arthur, 2007. "Endogenous selection or treatment model estimation," Journal of Econometrics, Elsevier, vol. 141(2), pages 777-806, December.
  29. Rolf Golombek & Arvid Raknerud, 2005. "Exit Dynamics with Adjustment Costs," Discussion Papers 442, Statistics Norway, Research Department.
  30. Marcela Eslava & John Haltiwanger & Adriana Kugler & Maurice Kugler, 2010. "Factor Adjustments after Deregulation: Panel Evidence from Colombian Plants," The Review of Economics and Statistics, MIT Press, vol. 92(2), pages 378-391, May.
  31. Nick Bloom & Stephen Bond & John Van Reenen, 2007. "Uncertainty and Investment Dynamics," Review of Economic Studies, Oxford University Press, vol. 74(2), pages 391-415.
  32. Hertweck Matthias Sebastian, 2013. "Strategic wage bargaining, labor market volatility, and persistence," The B.E. Journal of Macroeconomics, De Gruyter, vol. 13(1), pages 1-27, October.
  33. Goncharova, Natalia V. & Oskam, Arie J., 2006. "Investment Spikes in Dutch Horticulture: An Analysis at Firm and Aggregate Firm Level Over the Period 1975-1999," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25621, International Association of Agricultural Economists.
  34. Lapatinas Athanasios, 2012. "On the Interrelation of Capital and Labor Adjustment Costs at the Firm Level," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 16(3), pages 1-36, September.
  35. Schulte, Reinhard, 2015. "On real investment by new ventures," Lüneburger Beiträge zur Gründungsforschung 12, Leuphana University of Lüneburg, Department of Entrepreneurship & Start-up Management.
  36. Pinar Geylani, 2015. "Lumpy investments and capital adjustment patterns in the food manufacturing industry," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 39(3), pages 501-517, July.
  37. Sánchez Mangas, Rocío, 2002. "Pseudo-maximum likelihood estimation of a dynamic structural investment model," DES - Working Papers. Statistics and Econometrics. WS ws026218, Universidad Carlos III de Madrid. Departamento de Estadística.
  38. Christoph Görtz & Afrasiab Mirza, 2014. "On the Applicability of Global Approximation Methods for Models with Jump Discontinuities in Policy Functions," CESifo Working Paper Series 4837, CESifo Group Munich.
  39. Russell Cooper & John Haltiwanger & Laura Power, 1995. "Machine Replacement and the Business Cycle: Lumps and Bumps," NBER Working Papers 5260, National Bureau of Economic Research, Inc.
  40. Jan Bena & Peter Ondko, 2009. "Financial Development and Allocation of External Finance," CERGE-EI Working Papers wp398, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
  41. Pinar Celikkol & Spiro Stefanou, 2004. "Productivity Growth Patterns in U.S. Food Manufacturing: Case of Meat Products Industry," Working Papers 04-04, Center for Economic Studies, U.S. Census Bureau.
  42. Letterie, Wilko A. & Pfann, Gerard A., 2007. "Structural identification of high and low investment regimes," Journal of Monetary Economics, Elsevier, vol. 54(3), pages 797-819, April.
  43. Jonathan Jones & Colin Wren, 2008. "Re-investment and the survival of foreign-owned plants," LSE Research Online Documents on Economics 33138, London School of Economics and Political Science, LSE Library.
  44. Steffen Mueller, 2008. "Capital stock approximation using firm level panel data," Working Papers 038, Bavarian Graduate Program in Economics (BGPE).
  45. ARATA Yoshiyuki & KIMURA Yosuke & MURAKAMI Hiroki, 2015. "Macroeconomic Consequences of Lumpy Investment under Uncertainty," Discussion papers 15120, Research Institute of Economy, Trade and Industry (RIETI).
  46. Luis A. Puch & Omar Licandro & Reyes Maroto, 2005. "Innovation, Machine Replacement and Productivity," 2005 Meeting Papers 606, Society for Economic Dynamics.
  47. Bergman, Mats A. & Johansson, Per & Bergman, M.A., 2002. "Large investments in the pulp and paper industry: a count data regression analysis," Journal of Forest Economics, Elsevier, vol. 8(1), pages 29-52.
  48. Jonathan Jones & Colin Wren, 2008. "Re-Investment and the Survival of Foreign-Owned Plants," SERC Discussion Papers 0003, Spatial Economics Research Centre, LSE.
  49. Pinar Celikkol Geylani & Spiro E. Stefanou, 2008. "Linking Investment Spikes and Productivity Growth: U.S. Food Manufacturing Industry," Working Papers 08-36, Center for Economic Studies, U.S. Census Bureau.
  50. Serven, Luis, 1997. "Uncertainty, instability, and irreversible investment : theory, evidence, and lessons for Africa," Policy Research Working Paper Series 1722, The World Bank.
  51. Mueller Steffen, 2008. "Capital Stock Approximation using Firm Level Panel Data: A Modified Perpetual Inventory Approach," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 228(4), pages 357-371, August.
  52. Leif Danziger, 2008. "Adjustment Costs, Inventories and Output," Scandinavian Journal of Economics, Wiley Blackwell, vol. 110(3), pages 519-542, 09.
  53. Rolf Golombek & Arvid Raknerud, 2012. "Exit dynamics of start-up firms. Does profit matter?," Discussion Papers 706, Statistics Norway, Research Department.
  54. Roys, Nicolas, 2014. "Optimal investment policy with fixed adjustment costs and complete irreversibility," Economics Letters, Elsevier, vol. 124(3), pages 416-419.
  55. Silke Hüttel & Oliver Mußhoff & Martin Odening & Nataliya Zinych, 2008. "Estimating Investment Equations in Imperfect Capital Markets," SFB 649 Discussion Papers SFB649DP2008-016, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
  56. Bergman, Mats & Johansson, Per, 2000. "Strategic Investments in the Pulp and Paper Industry: A Count Data Regression Analysis," Umeå Economic Studies 536, Umeå University, Department of Economics.
  57. López Martín, Mª Del Carmen & Rodero Franganillo, Adolfo, 2005. "Los activos de las instituciones de inversión colectiva de carácter financiero/Assets by Financial Institutions for Collective Investment," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 23, pages 93-124, Abril.
  58. Øivind A. Nilsen & Arvid Raknerud & Marina Rybalka & Terje Skjerpen, 2009. "Lumpy investments, factor adjustments, and labour productivity," Oxford Economic Papers, Oxford University Press, vol. 61(1), pages 104-127, January.
  59. Leif Danziger, 2007. "Output Effects Of Inflation With Fixed Price- And Quantity-Adjustment Costs," Economic Inquiry, Western Economic Association International, vol. 45(1), pages 115-120, 01.
  60. D'Elia, Enrico & Nascia, Leopoldo & Zeli, Alessandro, 2011. "Analisi dei modelli d’impresa: discontinuità e sviluppo
    [Analysing firm's evolution: discontinuity and growth]
    ," MPRA Paper 35926, University Library of Munich, Germany.
  61. Elvira Silva & Alfons Oude Lansink, 2013. "Dynamic Efficiency Measurement: A Directional Distance Function Approach," CEF.UP Working Papers 1307, Universidade do Porto, Faculdade de Economia do Porto.
  62. Klaus Gugler & Mario Liebensteiner & Adhurim Haxhimusa & Nora Schindler, 2016. "Investment under Uncertainty in Electricity Generation," Department of Economics Working Papers wuwp234, Vienna University of Economics and Business, Department of Economics.
  63. Timothy Dunne & Xiaoyi Mu, 2008. "Investment spikes and uncertainty in the petroleum refining industry," Working Paper 0805, Federal Reserve Bank of Cleveland.
  64. Vipin P. Veetil, 2016. "Out-of-Equilibrium Dynamics with Heterogeneous Capital Goods," New Mathematics and Natural Computation (NMNC), World Scientific Publishing Co. Pte. Ltd., vol. 12(02), pages 157-173.
  65. Wren, Colin & Jones, Jonathan, 2009. "Re-investment and the survival of foreign-owned plants," Regional Science and Urban Economics, Elsevier, vol. 39(2), pages 214-223, March.
  66. Sandra Martina Leitner, 2008. "Interrelatedness, Dynamic Factor Adjustment Patterns and Firm Heterogeneity in Austrian Manufacturing," Economics working papers 2008-03, Department of Economics, Johannes Kepler University Linz, Austria.
  67. Fahr, Stephan & Yao, Fang, 2009. "When does lumpy factor adjustment matter for aggregate dynamics?," Working Paper Series 1016, European Central Bank.
  68. Tomat, Gian Maria, 2008. "Modeling the Effects of Financial Constraints on Firm's Investment," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy (IfW), vol. 2, pages 1-26.
  69. Konstantinos Drakos, 2012. "Extent and intensity of investment with multiple capital goods," Applied Economics, Taylor & Francis Journals, vol. 44(22), pages 2799-2810, August.
  70. Polder, Michael & Verick, Sher, 2004. "Dynamics of Labour and Capital Adjustment – A Comparison of Germany and the Netherlands," IZA Discussion Papers 1212, Institute for the Study of Labor (IZA).
  71. Domenico Lombardi & Stephen Bond, 2004. "To Buy or Not to Buy? Uncertainty, Irreversibility and Heterogeneous Investment Dynamics in Italian Company Data," IMF Working Papers 04/104, International Monetary Fund.
  72. Gebreeyesus, Mulu, 2009. "Inactions and Spikes of Investment in Ethiopian Manufacturing Firms: Empirical Evidence on Irreversibility and Non-convexities," MERIT Working Papers 061, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  73. Silva, Elvira & Lansink, Alfons Oude & Stefanou, Spiro E., 2015. "The adjustment-cost model of the firm: Duality and productive efficiency," International Journal of Production Economics, Elsevier, vol. 168(C), pages 245-256.
  74. Gugler, Klaus & Haxhimusa, Adhurim & Liebensteiner, Mario & Schindler, Nora, 2016. "Investment under Uncertainty in Electricity Generation," Department of Economics Working Paper Series 5177, WU Vienna University of Economics and Business.
  75. Oskam, Arie J. & Goncharova, Natalia V. & Verstegen, Jos A.A.M., 2009. "The decision to invest and the investment level: An application to Dutch glasshouse horticulture firms," 2009 Conference, August 16-22, 2009, Beijing, China 51574, International Association of Agricultural Economists.
  76. Verick, Sher & Letterie, Wilko & Pfann, Gerard A., 2004. "Non-Linearities in the Expansion of Capital Stock," IZA Discussion Papers 1132, Institute for the Study of Labor (IZA).
  77. Heutel, Garth, 2011. "Plant vintages, grandfathering, and environmental policy," Journal of Environmental Economics and Management, Elsevier, vol. 61(1), pages 36-51, January.
This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.