This article uses unique survey-based data that record the extent of positive and negative disequilibrium in capital stock at industry level. Change in these disequilibria are hypothesized to take account of planned and revised targets, and the influence of uncertainty on adjustment. We find...

This note reports the results of a computer simulation exercise with two commonly used indices of structural change: the Michaely/Stoikov index and the Lilien index. The performance of the indicators in measuring structural change is compared. The base data used in the simulations are employment...