We present an analytically tractable general equilibrium business cycle model that features micro-level investment … fixed cost distribution, under which lumpy investment can be important: (i) The steady-state elasticity of the adjustment …

to investment decision- making after confirming that the investment dispersion of Korean firms is pro-cyclical and can … economy. In particular, capital adjustment costs are empirically proven to cause investment dispersion to expand given that … the substitution effect of the marginal value to the marginal cost for one unit of investment in the inter …

This paper investigates the short-run impact of Investment-Specific Technology (IST) Shocks on macroeconomics variables … namely; Aggregate Investment, Aggregate Consumption and Gross Domestic Product using the VAR(p) model and quarterly data of …

to investment decision-making after confirming that the investment dispersion of Korean firms is pro-cyclical and can … economy. In particular, capital adjustment costs are empirically proven to cause investment dispersion to expand given that … the substitution effect of the marginal value to the marginal cost for one unit of investment in the inter …