Time-To-Build and Convex Adjustment Costs /

Time-To-Build and Convex Adjustment Costs /

This paper incorporates time-to-build into the standard investment model with convex adjustment costs. The empirical Euler equation is estimated using a U.S. firm-level panel from Compustat. In spite of the introduction of time-to-build, the magnitude of the implied adjustment costs is unrealistical...

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Bibliografiske detaljer
Hovedforfatter:	Koeva Brooks, Petya
Format:	Tidsskrift
Sprog:	English
Udgivet:	Washington, D.C. : International Monetary Fund, 2001.
Serier:	IMF Working Papers; Working Paper ; No. 2001/009
Online adgang:	Full text available on IMF

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