Boetel, Brenda L.; Hoffmann, Ruben; Liu, Donald J. - 2010
This article addresses the issues of investment/disinvestment asymmetry and a possible existence of a sluggish regime … in the demand for a quasi-fixed input in the U.S. hog production sector. Adopting a new threshold estimation procedure …, quarterly data from 1970 through 2002 are used to estimate a regime-dependent investment demand equation for a quasi-fixed input …
