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150128 ||| eng |
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|a 9781451847925
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| 100 |
1 |
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|a Gelos, Gaston
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| 245 |
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0 |
|a Fixed Capital Adjustment
|b Is Latin America Different? Evidence from the Colombian and Mexican Manufacturing Sectors
|c Gaston Gelos, Alberto Isgut
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1999
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| 300 |
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|a 35 pages
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| 651 |
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4 |
|a Colombia
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| 653 |
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|a Saving and Capital Investment
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| 653 |
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|a Deflation
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| 653 |
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|a Proportions
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| 653 |
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|a Production
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| 653 |
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|a Industrial productivity
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| 653 |
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|a Microeconomic Analyses of Economic Development
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| 653 |
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|a Intangible Capital
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| 653 |
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|a Economic Development: Financial Markets
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| 653 |
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|a Macroeconomics: Production
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| 653 |
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|a Producer price indexes
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Capacity
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| 653 |
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|a Econometrics
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| 653 |
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|a Econometrics & economic statistics
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| 653 |
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|a Capital
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| 653 |
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|a Manufacturing industries
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| 653 |
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|a Inflation
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| 653 |
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|a Price indexes
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| 653 |
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|a Institutional Investors
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| 653 |
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|a Investment
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| 653 |
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|a Stocks
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| 653 |
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|a Pension Funds
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| 653 |
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|a Econometric analysis
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| 653 |
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|a Productivity
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| 653 |
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|a Financial institutions
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| 653 |
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|a Financial Instruments
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| 653 |
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|a Logit models
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| 653 |
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|a Manufacturing
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| 653 |
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|a Economic sectors
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| 653 |
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|a Industry Studies: Manufacturing: General
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| 653 |
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|a Discrete Regression and Qualitative Choice Models
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| 653 |
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|a Industries: Manufacturing
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| 653 |
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|a Non-bank Financial Institutions
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| 653 |
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|a Price Level
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| 653 |
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|a Econometric models
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| 653 |
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|a Investments: Stocks
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| 653 |
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|a Prices
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| 653 |
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|a Investment & securities
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| 653 |
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|a Corporate Finance and Governance
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| 653 |
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|a Production and Operations Management
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| 653 |
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|a Discrete Regressors
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| 700 |
1 |
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|a Isgut, Alberto
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781451847925.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/1999/059/001.1999.issue-059-en.xml?cid=2999-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a This paper examines capital adjustment patterns using two large and largely novel data sets from the manufacturing sectors of Colombia and Mexico. The findings show that investment patterns in these countries resemble those reported for the United States to a surprising extent. Capital adjustments beyond maintenance investment occur only rarely, but large spikes account for a significant fraction of total investment. Although duration models do not provide strong evidence for the presence of substantial fixed costs, nonparametric adjustment function estimates reveal the presence of irreversibilities in investment. These irreversibilities are important for understanding aggregate investment behavior
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