Title of article :
Factor adjustment spikes and interrelation: an empirical investigation
Author/Authors :
Wilko A. Letterie، نويسنده , , Gerard A. Pfann، نويسنده , , J. Michael Polder، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2004
Abstract :
We take a descriptive look at interrelated factor demand starting from the observation that adjustment of capital and labor is lumpy. We find that the adjustment dynamics of an input factor are affected by large adjustments in the other
Keywords :
Interrelated factor demand , Investment , Non-convex adjustment costs , Labor demand
Journal title :
Economics Letters
Journal title :
Economics Letters
