Edelstein, Paul S. - 2007
asymmetry is the response of nonresidential fixed investment to energy price shocks. In the third chapter, I show that the … apparent asymmetry in the estimated responses of business fixed investment in equipment and structures is largely an artifact … expenditures, and (2) of ignoring an exogenous shift in investment caused by the 1986 Tax Reform Act. Once symmetry is imposed and …