Alessi, Lucia; Barigozzi, Matteo; Capasso, Marco - Laboratory of Economics and Management (LEM), Scuola … - 2006
We use the Generalized Dynamic Factor Model proposed by Forni et al. [2000] in order to study the dynamics of the rate of growth of output and investment. By using quarterly firm level data relative to hundreds of US firms for 20 years, we investigate the number and the features of the...