Construct · 1 fields · 1 citations

lumpy investment: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
lumpyinvestment1 CONSTRUCTLumpy investmentCABALLERO · MACROECONOMICS

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Macroeconomics

the tendency of plants to invest in infrequent large bursts, modeled with adjustment hazards that rise with the gap from desired capital.

In macroeconomics, lumpy investment refers to the tendency of plants to invest in infrequent large bursts, modeled with adjustment hazards that rise with the gap from desired capital. This meaning comes from Caballero (1999) in Econometrica.[1]

Unit
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Nearby constructs

capital2 fields · 3 citationsjingle · one word, two constructsinvestment2 fields · 2 citationsjingle · one word, two constructs

References

  1. Caballero, R. J., & Engel, E. M. R. A. (1999). Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S, s) Approach. Econometrica, 67(4), 783-826. https://doi.org/10.1111/1468-0262.00053

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