Nam, Changwoo - In: KDI Journal of Economic Policy 44 (2022) 1, pp. 77-98
This paper empirically verifies that the types of capital adjustment costs serve as an important mechanism in relation … economy. In particular, capital adjustment costs are empirically proven to cause investment dispersion to expand given that … adjustment costs generally assumed to take a quadratic form in macroeconomics are asymmetric and irreversible in the Korean …