Firm-level investment is lumpy and volatile but aggregate investment is much smoother and highly serially correlated …. These different patterns of investment behavior have been viewed as indicating convex adjustment costs at the aggregate … yet at the same time generate lumpiness in plant-level investment. In particular, our model can (i) derive aggregate …

central Europe. The transport infrastructure represents a considerable economic capital stock with gross fixed assets of 778 … a substantial neglect of investment in the maintenance and quality assurance of the transport infrastructure. Against …-post comparison of replacement demand and replacement investments made from 2006 to 2011. The analysis shows that in the past there …

based on an ex-post comparison of replacement demand and replacement investment made from 2006 to 2011. The analysis shows … European location. The transport infrastructure represents a considerable economic capital stock with gross fixed assets of 778 … importance of this sector for the economy, there is a serious lack of investment in the maintenance and quality assurance of the …

investment behavior. New theories, better econometric procedures, and more detailed panel data sets are behind this movement …. Much of the progress has occurred at the level of microeconomic theories and evidence; however, progress in aggregation and … general equilibrium aspects of the investment problem also has been significant. The concept of sunk costs is at the center of …

This resource describes a data source for investment, capital stock and capital services data for Spain and Spanish …