Bachmann, Ruediger; Zorn, Peter - 2013 - This Version: April 13, 2013
gauge their contribution to short-run investment fluctuations. We estimate an upper bound for the contribution of technology … shocks to the variance of the aggregate investment growth rate of 19 percent. The larger part of fluctuations in aggregate …Using firm-level survey data for the West German manufacturing sector, this paper revisits the technology …