Adjustment costs
How Reliable are Intra-Industry Trade Measures as Indicators of Adjustment Costs?
... A number of recent papers have examined measures of intra-industry trade (IIT) and related indicators such as matched and unmatched changes in trade (MCIT and UCIT) as indicators of adjustment costs ...
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Empirical Evidence of Target Leverage, Adjustment Costs and Adjustment Speed of Non-Financial Firms in Selected African Countries
... of adjustment when the economy is booming. This implies that the adjustment costs are low and do not hinder the adjustment ...leverage adjustment is reported for US firms in Flannery ...
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Dynamic price competition with price adjustment costs and product differentiation
... adjustment costs tend to zero, ...when adjustment costs become very large, the extra costs to change prices strategically outweight the bene…ts, thus, …rms are in- duced to behave ...
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Trade liberalisation, intra-industry trade and adjustment costs
... an adjustment problem is said to exist. In theory, an adjustment problem is a short- to medium-run phenomenon, depending on the nature of the ...an adjustment problem arises when there is some degree ...
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Estimates of Trade Related Adjustment Costs in Syria
... This paper provides estimates of the adjustment costs associated with sev- eral hypothesized changes in trade policy for Syria. In particular, it employs a partial equilibrium model of domestic demand for ...
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Dynamic Labour Demand: Fixed and Quadratic Adjustment Costs
... these costs as the costs that relate to hiring and firing, and affect labour and/or job turnover, and the number o f workers and/or ...all costs have an explicit monetary ...of adjustment ...
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Adjustment Costs and Investment Efficiency of Business Groups in Korea
... the adjustment cost advantage (ACA) values in Table 3, the adjustment costs of business group firms were ...the adjustment cost advantage of business group firms was greater before the crisis ...
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Analyzing the Impact of Leverage and Adjustment Costs on Various Measures of Corporate Performance: Insights from Listed Firms of Pakistan
... and adjustment costs on various measures of corporate performance for 374 non-financial firms listed on Karachi Stock Exchange of ...of adjustment costs and the dynamic behavior of corporate ...
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Structural Estimation of Labor Adjustment Costs
... estimated adjustment costs – a phenomenon that relates to the poor identification of the discount parameter in these types of models (see Abbring and Daljord (2016) for a treatment of ...
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Genuine savings with adjustment costs
... also adjustment costs of them. Elaborating the adjustment cost structures of a variety of capitals might lead to a better understanding of the economy’s desired direction, since capitals with big ...
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Flip Flopping: Ideological Adjustment Costs in the United States Senate
... upon the form of the personal costs to candidates for misrepresenting their position. Empirical models of candidate positioning related to the analysis in the following sec- tions include the work of Glazer and ...
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Domestic adjustment costs, interdependence and dissent in the Council of the European Union
... multiple channels of contact between governmental and non-governmental actors in interdependent states (Keohane and Nye 2011: 21). These multiple contacts, which are pervasive in the Council of the EU, mean that state ...
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Consumption risk sharing and adjustment costs
... which shows that the dynamics of consumption in each region depends on past deviations from the optimal risk sharing position and future expected changes of aggregate consumption. The K matrix in (8) plays a role which ...
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Investment and firm dynamics
... convex adjustment costs and reversibility, fail to adequately explain the investment behavior (see Abel and Eberly (1994, 1996), Caballero, Engel and Haltiwanger (1995), Caballero and Engel (1999), Cooper ...
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Essays in Macroeconomics, Finance and Growth
... adjustment costs. I find that a third of them are removed once I take out adjustment costs from the ...adjustment costs. When collateral constraints are tight, high ...
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Inflation, Costs of Adjustment and the Real Price Amplitude: Am Empirical Study
... its costs of production to increase at a certain given ...of adjustment costs the optimal policy would be to increase its own price continually at the same ...
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How Do Firing Costs Affect Innovation and Growth when Workers' Ability is Unknown? – Employment Protection as a Burden on a Firm's Screening Process
... firing costs that stem from them) biases the pattern of specialization from human-capital-intensive products toward less human-capital-intensive ...firing costs can negatively affect economic ...firing ...
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General Equilibrium Model of Arbitrage Trade and Real Exchange Rate Persistence
... quadratic adjustment cost if they change their vol- ume of trade from one period to the ...next. Adjustment costs arise from additional legal and infrastructure expenses or search costs, and ...
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Optimal Learning, Overvaluation and Overinvestment
... of adjustment costs depends on how overvaluation and overinvestment are ...of adjustment costs, as being the fundamental ...the adjustment costs are small enough) gives place to ...
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The steady state growth conditions of neoclassical growth model and Uzawa theorem revisited
... including adjustment costs of investment, this paper proves that the essential condition for neoclassical model to have steady-state growth path is that the sum of change rate of the marginal efficiency of ...
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