Factor Adjustment Spikes and Interrelation: an empirical Investigation

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Abstract

We take a descriptive look at interrelated factor demand starting from the observation that adjustment of capital and labor is lumpy. We find that the adjustment dynamics of an input factor are affected by large adjustments in the other.
Original languageEnglish
Pages (from-to)145-150
JournalEconomics Letters
Volume85
DOIs
Publication statusPublished - 1 Jan 2004

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