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Federal Reserve Bank of San Francisco
Working Paper Series
Investment behavior of U.S. firms over heterogeneous capital goods: a snapshot
Daniel J. Wilson
Abstract

The 1998 Annual Capital Expenditure Survey (ACES) provides information on disaggregate investment across a wide range of detailed asset types for a representative sample of roughly 30,000 firms. These rich data on disaggregate investment provides us with a point-in-time snapshot of investment composition choices at the firm level. This short paper uses this data to establish a number of stylized facts about disaggregate investment behavior, with a special focus on information technology.


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Daniel J. Wilson, Investment behavior of U.S. firms over heterogeneous capital goods: a snapshot, Federal Reserve Bank of San Francisco, Working Paper Series 2004-21, 2004.
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Keywords: Capital ; Investments
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