Displaced Capital: A Study of Aerospace Plant Closings
By V. Ramey, M. Shapiro. Journal of Political Economy, 2001
462 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/203d9ceda0b125f3a7a198082c5885f6952cc30a
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In Economics and Econometrics
- Huseyin Gulen
- Yuhang Xing
- Lu Zhang
- Mihir A. Desai
- Michael J. Hiscox
- Austan Goolsbee
- Emmanuel Saez
- Ruud A. De Mooij
In Finance
- Lu Zhang
- Yuhang Xing
- Huseyin Gulen
- Michael J. Hiscox
- Mihir A. Desai
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- Robert Novy-Marx
Citations in the corpus
- Really Uncertain Business Cycles (2012, unknown): “24See, for example, Hayashi (1982), Nickel (1986), Shapiro (1986), Caballero and Engel (1999), Ramey and Shapiro (2001), Hall (2004), Cooper, Haltiwanger and Willis (2004), Cooper and Haltiwanger (2006) as well as Mertz and Yashiv (2007).”
- Technological Innovation, Resource Allocation, and Growth (2012, unknown): “4See, for example, Harhoff, Narin, Scherer, and Vopel (1999), Hall, Jaffe, and Trajtenberg (2005) and Moser, Ohmstedt, and Rhode (2011).”
- Investment, Idiosyncratic Risk, and Ownership (2011, unknown): “Thus, we use five alternative measures of the degree of investment irreversibility in a given firm: i) the age-adjusted price discount between used and new capital, as disinvestment is more costly when the value of used relative to new capital is low (we use the data in Ramey and Shapiro (2001), see”
- Measuring Uncertainty and Its Impact on the Economy (2016, unknown): “This is in line with the presence of sizable investment adjustment costs, e.g. Ramey and Shapiro (2001) and Cooper and Haltiwanger (2006), that firms try to avoid in the presence of higher uncertainty.”
- The Value Premium (2005, unknown): “Since both productivity processes are highly persistent in monthly frequency, I use the method described in Rouwenhorst (1995). The method of Tauchen and Hussey (1991) does not work well when persistence is higher than 0.”
- Value Versus Growth: Time-Varying Expected Stock Returns (2011, background): “Costly reversibility means that firms face higher costs in scraping than in expanding productive assets (e.g., Ramey and Shapiro 2001).”