Investment Frictions and the Aggregate Output Loss in China
نویسندگان
چکیده
منابع مشابه
Investment Frictions and theAggregate Output Loss in China*
Investment frictions reduce, delay or protract investment expenditure that is necessary for firms to capture growth opportunities. Using an investment model with capital adjustment costs, this article estimates the gap betweenChina’s actual and frictionless aggregate output. It applies the method of simulated moments to a fully structural investment model on a panel of Chinese firms and takes i...
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ژورنال
عنوان ژورنال: Oxford Bulletin of Economics and Statistics
سال: 2014
ISSN: 0305-9049
DOI: 10.1111/obes.12064