The irrelevance of adjustment costs for investment determination

被引：0
|
作者：
Sumner, M
机构：
[1] School of Social Services, University of Sussex
来源：
APPLIED ECONOMICS LETTERS | 1996年 / 3卷 / 02期
关键词：
D O I：
10.1080/135048596356843
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The seasonal pattern of investment, and its relation with output, rule out convex adjustment costs as an explanation of the distributed lag in response of investment to its determinants.
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页码：125 / 126
页数：2
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