Buch, Englisch, 184 Seiten, Paperback, Format (B × H): 155 mm x 235 mm, Gewicht: 306 g
Buch, Englisch, 184 Seiten, Paperback, Format (B × H): 155 mm x 235 mm, Gewicht: 306 g
ISBN: 978-981-1529-83-2
Verlag: Springer Nature Singapore
The authors inquire into and statistically test null hypotheses set on such issues as (a) heterogeneity of multiple capital goods, (b) non-convex adjustment costs to inspire lumpy investment, (c) differences in the adjustment costs in accumulating capital stock through new purchases, second-hand market acquisitions, and large-scale repairs, and (d) capital market imperfections.
The test results show that, irrespective of the time period, firms’ size, and the industry to which firms belong, (a) multiple capital goods are not homogeneous, (b) some firms face adjustment cost structures that eventually lead to occasional lumpy investment, (c) the method of acquiring investment matters in accumulating capital stock, and (d) capital market imperfections would constrain some lumpy investment.
This book is published in cooperation with the Research Institute of Capital Formation, Development Bank of Japan.
Zielgruppe
Research
Autoren/Hrsg.
Fachgebiete
- Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Volkswirtschaften einzelner Länder und Regionen
- Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
- Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie
Weitere Infos & Material
1 Survey of the Literature.- 2 Augmentations to Multiple q Theory.- 3 Construction and Summary Statistics of the Data.- 4 Investment Behavior of Japanese Firms.- 5 Extensions of the Multiple q Model: (I) Heterogeneity by Enterprise Size.- 6 Extensions of the Multiple q Model: (II) Heterogeneity by Mode of Acquisition.- 7 Heterogeneity of Capital: Concluding Remarks.