Search Results

SORT BY: PREVIOUS / NEXT
Keywords:Endogenous Total Factor Productivity 

Working Paper
A Search-Based Neoclassical Model of Capital Reallocation

As a form of investment, the importance of capital reallocation between firms has been increasing over time, with the purchase of used capital accounting for 25% to 40% of firms total investment nowadays. Cross- firm reallocation of used capital also exhibits intriguing business-cycle properties, such as (i) the illiquidity of used capital is countercyclical (or the quantity of used capital reallocation across rms is procyclical), (ii) the prices of used capital are procyclical and more so than those of new capital goods, and (iii) the dispersion of firms' TFP or MPK (or the bene t of capital ...
Working Papers , Paper 2018-17

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

Dong, Feng 1 items

Wang, Pengfei 1 items

Wen, Yi 1 items

FILTER BY Jel Classification

E22 1 items

E32 1 items

E44 1 items

G11 1 items

PREVIOUS / NEXT