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The great dissolution: organization capital and diverging volatility puzzle

Che, Natasha Xingyuan - 2009

Most traditional explanations for the decreasing aggregate output volatility - so-called "Great Moderation" - fail to accommodate, or even directly contradict, another aspect of empirical data: the average sales volatility for publicly-traded US firms has been increasing during the same period....

Persistent link: https://www.econbiz.de/10015215845

The capital-intensity reversal in the postwar Japanese economy: Why did Japan grow so fast during 1955-1975?

Takahashi, Harutaka - 2004

Our main result is the following: during the high-speed growth era, from 1955 to 1973, the investment sector was more capital-intensive than the consumption sector. Just after the 1973 oil-shock, around 1975, the consumption sector turned out to be more capital-intensive than the investment...

Persistent link: https://www.econbiz.de/10015223024

Alfred Marshall on the theory of capital

Cavalieri, Duccio - 1992

Marshall's theory of capital was designed to serve two main purposes: an integration of the theory of income … distribution into a general theory of value and the closing of the gap between economic theory and business practice. For the first … interest, which provided a link with the theory of money. Everything was granted a role - productiveness and prospectivess …

Persistent link: https://www.econbiz.de/10015235346

Alfred Marshall on the theory of capital

Cavalieri, Duccio - 1992

Persistent link: https://www.econbiz.de/10015235580

Alfred Marshall on the theory of capital

Cavalieri, Duccio - 1992

Persistent link: https://www.econbiz.de/10015235581

Aggregation of Producer Durables with Exogenous Technical Change and Endogenous Useful lives

Bitros, George C. - 2008

The received theory of aggregation has been erected on certain fundamental hypotheses. One of them is that producer …

Persistent link: https://www.econbiz.de/10015258130

An Empirical Model of Factor Adjustment Dynamics

Contreras, Juan - 2006

This paper investigates how firms dynamically adjust their use of capital, labor, energy, and materials when there are both smooth and lumpy adjustment possibilities and interrelation among adjustments. The Colombian Annual Census of Manufacturing provides evidence of these kinds of adjustment....

Persistent link: https://www.econbiz.de/10015266188

Productivity drivers of infrastructure companies: network industries to maximize economies of scale in the digital era

Nakatani, Ryota - 2022

What drives the productivity dynamics of infrastructure companies? Using a panel of firms in fourteen countries, we study total factor productivity (TFP) enhancers of utility and network services companies. We find that the catching up of TFP with the technological frontier drives productivity...

Persistent link: https://www.econbiz.de/10015269049

The determination of the price of capital goods: A differential game approach

Guerrazzi, Marco; Candido, Giuseppe - 2023

In this paper, building upon a q-model of investment with adjustment costs, we address the strategic determinants of the price of newly installed productive capacity. Specifically, we develop a differential game in which a competitive producer of consumption goods deals with a seller of capital...

Persistent link: https://www.econbiz.de/10015270957

European Union Economy System Dynamic Model Development

Skribans, Valerijs - 2012

The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...

Persistent link: https://www.econbiz.de/10015238380