메뉴 건너뛰기




Volumn 28, Issue 9, 2004, Pages 1733-1756

Irreversibility, uncertainty and growth

Author keywords

Gibrat's law; Heterogeneous agents; Idiosyncratic uncertainty; Irreversible investment

Indexed keywords


EID: 1542609923     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jedc.2003.04.006     Document Type: Article
Times cited : (7)

References (32)
  • 1
    • 0001320055 scopus 로고
    • A unified model of investment under uncertainty
    • Abel A. Eberly J. A unified model of investment under uncertainty American Economic Review 84 1994 1369-1384
    • (1994) American Economic Review , vol.84 , pp. 1369-1384
    • Abel, A.1    Eberly, J.2
  • 2
    • 0033473733 scopus 로고    scopus 로고
    • The effects of irreversibility and uncertainty on capital accumulation
    • Abel A. Eberly J. The effects of irreversibility and uncertainty on capital accumulation Journal of Monetary Economics 44 1999 339-377
    • (1999) Journal of Monetary Economics , vol.44 , pp. 339-377
    • Abel, A.1    Eberly, J.2
  • 4
    • 84959805365 scopus 로고
    • Firing costs and labour demand: How bad is eurosclerosis
    • Bentolila S. Bertola G. Firing costs and labour demand: how bad is eurosclerosis Review of Economic Studies 57 1990 381-402
    • (1990) Review of Economic Studies , vol.57 , pp. 381-402
    • Bentolila, S.1    Bertola, G.2
  • 5
    • 0001078628 scopus 로고
    • Flexibility, investment, and growth
    • Bertola G. Flexibility, investment, and growth Journal of Monetary Economics 34 1994 215-238
    • (1994) Journal of Monetary Economics , vol.34 , pp. 215-238
    • Bertola, G.1
  • 7
    • 0000107650 scopus 로고
    • Monopolistic competition and the effects of aggregate demand
    • Blanchard O. Kiyotaki N. Monopolistic competition and the effects of aggregate demand American Economic Review 77 1987 647-666
    • (1987) American Economic Review , vol.77 , pp. 647-666
    • Blanchard, O.1    Kiyotaki, N.2
  • 8
    • 0002643322 scopus 로고    scopus 로고
    • Endogenous vs. exogenously driven fluctuations in vintage capital models
    • Boucekkine R. del Rio F. Licandro O. Endogenous vs. exogenously driven fluctuations in vintage capital models Journal of Economic Theory 88 1999 161-187
    • (1999) Journal of Economic Theory , vol.88 , pp. 161-187
    • Boucekkine, R.1    del Rio, F.2    Licandro, O.3
  • 10
    • 84960599683 scopus 로고
    • Gross job creation, gross job destruction, and employment reallocation
    • Davis S. Haltiwanger J. Gross job creation, gross job destruction, and employment reallocation Quarterly Journal of Economics 107 1992 819-864
    • (1992) Quarterly Journal of Economics , vol.107 , pp. 819-864
    • Davis, S.1    Haltiwanger, J.2
  • 12
    • 1542665710 scopus 로고    scopus 로고
    • A markup interpretation of optimal rules for irreversible investment
    • NBER Working Paper 5971
    • Dixit, A., Pindyck, R., Sodal, S., 1997. A markup interpretation of optimal rules for irreversible investment. NBER Working Paper 5971.
    • (1997)
    • Dixit, A.1    Pindyck, R.2    Sodal, S.3
  • 13
    • 84959843820 scopus 로고
    • Markov-perfect industry dynamics: A framework for empirical work
    • Ericson R. Pakes A. Markov-perfect industry dynamics: a framework for empirical work Review of Economic Studies 62 1995 53-82
    • (1995) Review of Economic Studies , vol.62 , pp. 53-82
    • Ericson, R.1    Pakes, A.2
  • 15
    • 0039733199 scopus 로고    scopus 로고
    • Investment irreversibility in general equilibrium: Capital accumulation, interest rates, and the risk premium
    • Working paper 97-01, Toronto
    • Faig, M., 1997. Investment irreversibility in general equilibrium: capital accumulation, interest rates, and the risk premium. Working paper 97-01, Toronto.
    • (1997)
    • Faig, M.1
  • 16
    • 0001897337 scopus 로고
    • An expository note on individual risk without aggregate uncertainty
    • Feldman M. Gilles C. An expository note on individual risk without aggregate uncertainty Journal of Economic Theory 35 1985 26-32
    • (1985) Journal of Economic Theory , vol.35 , pp. 26-32
    • Feldman, M.1    Gilles, C.2
  • 17
    • 0010242385 scopus 로고    scopus 로고
    • Growth of firms in theory and in practice
    • Foss, N., Malinke, V. (Eds.) Oxford University Press, Oxford
    • Geroski, A., 2000. Growth of firms in theory and in practice. In: Foss, N., Malinke, V. (Eds.), New Directions in Economic Strategy Research. Oxford University Press, Oxford.
    • (2000) New Directions in Economic Strategy Research
    • Geroski, A.1
  • 19
    • 0033652769 scopus 로고    scopus 로고
    • Putty-clay and investment: A business cycle analysis
    • Gilchrist S. Williams C. Putty-clay and investment: a business cycle analysis Journal of Political Economy 108 2000 928-960
    • (2000) Journal of Political Economy , vol.108 , pp. 928-960
    • Gilchrist, S.1    Williams, C.2
  • 21
    • 0001600291 scopus 로고
    • Entry, exit, and firm dynamics in long run equilibrium
    • Hopenhayn H. Entry, exit, and firm dynamics in long run equilibrium Econometrica 60 1992 127-1150
    • (1992) Econometrica , vol.60 , pp. 127-1150
    • Hopenhayn, H.1
  • 22
    • 0003169959 scopus 로고
    • Times-series tests of a non-expected utility model of asset pricing
    • Jorion P. Giovannini A. Times-series tests of a non-expected utility model of asset pricing European Economic Review 37 1993 1083-1100
    • (1993) European Economic Review , vol.37 , pp. 1083-1100
    • Jorion, P.1    Giovannini, A.2
  • 23
    • 0003085090 scopus 로고
    • The law of large numbers with a continuum of iid random variables
    • Judd K. The law of large numbers with a continuum of iid random variables Journal of Economic Theory 35 1985 19-25
    • (1985) Journal of Economic Theory , vol.35 , pp. 19-25
    • Judd, K.1
  • 27
    • 0000379037 scopus 로고
    • Entry, Gilbrat's law, innovation and the growth of firms
    • Mansfield E. Entry, Gilbrat's law, innovation and the growth of firms American Economic Review 52 1962 1023-1051
    • (1962) American Economic Review , vol.52 , pp. 1023-1051
    • Mansfield, E.1
  • 28
    • 0003238329 scopus 로고
    • Models with heterogeneous agents
    • Cooley, J. (Ed.) Princeton University Press, Princeton, NJ
    • Rios-Rull, J.-V., 1995. Models with heterogeneous agents. In: Cooley, J. (Ed.), Frontiers of Business Cycle Research. Princeton University Press, Princeton, NJ.
    • (1995) Frontiers of Business Cycle Research
    • Rios-Rull, J.-V.1
  • 29
    • 0002400052 scopus 로고
    • Markups and the business cycle
    • Blanchard, O.J., Fischer, S. (Eds.) MIT Press, Cambridge, MA, 1991
    • Rotemberg, J., Woodford, M., 1991. Markups and the business cycle. In: Blanchard, O.J., Fischer, S. (Eds.), NBER Macroeconomics Annual 1991, MIT Press, Cambridge, MA, 1991, 63-128.
    • (1991) NBER Macroeconomics Annual 1991 , pp. 63-128
    • Rotemberg, J.1    Woodford, M.2
  • 30
    • 0031994687 scopus 로고    scopus 로고
    • A simplified exposition of smooth pasting
    • Sodal S. A simplified exposition of smooth pasting Economics Letters 58 1998 217-223
    • (1998) Economics Letters , vol.58 , pp. 217-223
    • Sodal, S.1
  • 32
    • 38249004563 scopus 로고
    • The equity premium puzzle and the risk-free rate puzzle
    • Weil P. The equity premium puzzle and the risk-free rate puzzle Journal of Monetary Economics 24 2 1989 401-421
    • (1989) Journal of Monetary Economics , vol.24 , Issue.2 , pp. 401-421
    • Weil, P.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.