Nilsen, Øivind Anti; Raknerud, Arvid; Rybalka, Marina; … - 2010
This paper describes firms output and factor demands before, during, and after episodes of lumpy investment. By using a …. Investment spikes are followed by roughly proportional changes in sales, labour, and materials, and significant increases in … capital intensity. The changes in labour productivity that are associated with the investment spikes are small, which …