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Plutarchos Sakellaris

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Harris Dellas & Plutarchos Sakellaris, 2003. "On the cyclicality of schooling: theory and evidence," Oxford Economic Papers, Oxford University Press, vol. 55(1), pages 148-172, January.

    Mentioned in:

    1. Are jobs in education still recession-proof? : Studying employment data in the education sector
      by ? in FRED blog on 2020-07-30 13:00:00

Working papers

  1. Alexandros Botsis & Christoph Gortz & Plutarchos Sakellaris, 2023. "Quantifying Qualitative Survey Data: New Insights on the (Ir)Rationality of Firms' Forecasts," Discussion Papers 23-06, Department of Economics, University of Birmingham.

    Cited by:

    1. Monique B. Reid & Pierre L. Siklos, 2022. "How Firms and Experts View The Phillips Curve: Evidence from Individual and Aggregate Data from South Africa," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 58(12), pages 3355-3376, September.
    2. Alex Botsis & Kevin Lee, 2022. "Nowcasting Using Firm-Level Survey Data; Tracking UK Output Fluctuations and Recessionary Events," Economic Statistics Centre of Excellence (ESCoE) Technical Reports ESCOE-TR-20, Economic Statistics Centre of Excellence (ESCoE).

  2. Georgios Bertsatos & Plutarchos Sakellaris, 2017. "Did the Financial Crisis affect the Market Valuation of Large Systemic U.S. Banks?," Working Papers 201709, Athens University Of Economics and Business, Department of Economics.

    Cited by:

    1. Georgios Bertsatos & Plutarchos Sakellaris & Mike G. Tsionas, 2022. "Extensions of the Pesaran, Shin and Smith (2001) bounds testing procedure," Empirical Economics, Springer, vol. 62(2), pages 605-634, February.
    2. Antonio J. Dayag & Fernando Trinidad, 2019. "A Critical Assessment on Bank Valuation in Existing Literature in the Last Decade," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 8(4), pages 44-58, July.
    3. Bertsatos, Georgios & Tsounis, Nicholas & Agiomirgianakis, George, 2024. "Handling asymmetries in the trade balance," Research in Economics, Elsevier, vol. 78(1), pages 1-13.
    4. Francis, Bill B. & Hasan, Iftekhar & Küllü, A. Melih & Zhou, Mingming, 2018. "Should banks diversify or focus? Know thyself: The role of abilities," Economic Systems, Elsevier, vol. 42(1), pages 106-118.
    5. Carbó-Valverde, Santiago & Cuadros-Solas, Pedro J. & Rodríguez-Fernández, Francisco, 2020. "Do bank bailouts have an impact on the underwriting business?," Journal of Financial Stability, Elsevier, vol. 49(C).
    6. Iftekhar Hasan & Gabriel G. Ramírez & Gaiyan Zhang, 2019. "Lock‐In Effects in Relationship Lending: Evidence from DIP Loans," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(4), pages 1021-1043, June.
    7. Ouyang, Fang-Yan & Zheng, Bo & Jiang, Xiong-Fei, 2019. "Dynamic fluctuations of cross-correlations in multi-time scale," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 517(C), pages 515-521.
    8. Saunders, Anthony & Schmid, Markus & Walter, Ingo, 2020. "Strategic scope and bank performance," Journal of Financial Stability, Elsevier, vol. 46(C).
    9. Nguyen, James & Parsons, Richard & Argyle, Bronson, 2021. "An examination of diversification on bank profitability and insolvency risk in 28 financially liberalized markets," Journal of Behavioral and Experimental Finance, Elsevier, vol. 29(C).

  3. Georgios Moratis & Plutarchos Sakellaris, 2017. "Measuring the systemic importance of banks," Working Papers 240, Bank of Greece.

    Cited by:

    1. Wen, Shigang & Li, Jianping & Huang, Chuangxia & Zhu, Xiaoqian, 2023. "Extreme risk spillovers among traditional financial and FinTech institutions: A complex network perspective," The Quarterly Review of Economics and Finance, Elsevier, vol. 88(C), pages 190-202.
    2. Daniel Dimitrov & Sweder van Wijnbergen, 2022. "Quantifying Systemic Risk in the Presence of Unlisted Banks: Application to the Dutch Financial Sector," Tinbergen Institute Discussion Papers 22-034/VI, Tinbergen Institute.
    3. Covi, Giovanni & Gorpe, Mehmet Ziya & Kok, Christoffer, 2019. "CoMap: mapping contagion in the euro area banking sector," Working Paper Series 2224, European Central Bank.
    4. Ellis, Scott & Sharma, Satish & Brzeszczyński, Janusz, 2022. "Systemic risk measures and regulatory challenges," Journal of Financial Stability, Elsevier, vol. 61(C).
    5. Dimitrios Anastasiou & Zacharias Bragoudakis & Ioannis Malandrakis, 2019. "Non-performing loans, governance indicators and systemic liquidity risk: evidence from Greece," Working Papers 260, Bank of Greece.
    6. Jones, Laurence & Alsakka, Rasha & ap Gwilym, Owain & Mantovan, Noemi, 2022. "Regulating rating agencies: A conservative behavioural change," Journal of Financial Stability, Elsevier, vol. 60(C).
    7. Xu Zhang & Xian Yang & Jianping Li & Jun Hao, 2023. "Contemporaneous and noncontemporaneous idiosyncratic risk spillovers in commodity futures markets: A novel network topology approach," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 43(6), pages 705-733, June.
    8. Samsul Anwar, 2020. "Weighting on Systemic Important Banking (SIB) in Indonesia: The Official Versus PCA Approaches," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 9(2), pages 155-182.

  4. Nicholas Leounakis & Plutarchos Sakellaris, 2014. "Greek Economic Growth since 1960," Working Papers 201416, Athens University Of Economics and Business, Department of Economics.

    Cited by:

    1. George Alogoskoufis, 2021. "Historical Cycles of the Economy of Modern Greece from 1821 to the Present," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 158, Hellenic Observatory, LSE.
    2. Tryphon Kollintzas & Dimitris Papageorgiou & Efthymios Tsionas & Vanghelis Vassilatos, 2018. "Market and political power interactions in Greece: an empirical investigation," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 7(1), pages 1-43, December.

  5. Plutarchos Sakellaris & Focco W. Vijselaar, 2005. "Capital Quality Improvement and the Sources of Growth in the Euro Area," CESifo Working Paper Series 1452, CESifo.

    Cited by:

    1. Martin Gonzalez-Eiras & Dirk Niepelt, 2004. "Sustaining Social Security," 2004 Meeting Papers 199, Society for Economic Dynamics.
    2. Peter N. Ireland, 2013. "Stochastic Growth In The United States And Euro Area," Journal of the European Economic Association, European Economic Association, vol. 11(1), pages 1-24, February.
    3. Philipp an de Meulen & Torsten Schmidt, 2013. "Von der Euroeinführung zur Schuldenkrise: Ergebnisse einer Wachstumszerlegung für ausgewählte Länder des Euroraums," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 82(2), pages 77-96.
    4. Lenarčič, Črt, 2019. "Inflation – Harrod-Balassa-Samuelson effect in a DSGE model setting," MPRA Paper 101199, University Library of Munich, Germany.
    5. Bruno Tissot & Les Skoczylas, 2005. "Revisiting recent productivity developments across OECD countries," BIS Working Papers 182, Bank for International Settlements.
    6. Musso, Alberto & Westermann, Thomas, 2005. "Assessing potential output growth in the euro area - a growth accounting perspective, January 2005," Occasional Paper Series 22, European Central Bank.
    7. Antonopoulos, Christos & Sakellaris, Plutarchos, 2009. "The contribution of Information and Communication Technology investments to Greek economic growth: An analytical growth accounting framework," Information Economics and Policy, Elsevier, vol. 21(3), pages 171-191, August.
    8. Larissa M. Batrancea, 2023. "The Hard Worker, the Hard Earner, the Young and the Educated: Empirical Study on Economic Growth across 11 CEE Countries," Sustainability, MDPI, vol. 15(22), pages 1-14, November.
    9. Koeniger, Winfried & Leonardi, Marco, 2006. "Capital Deepening and Wage Differentials: Germany vs. US," IZA Discussion Papers 2065, Institute of Labor Economics (IZA).
    10. Alka obadić & Sanja Porić, 2008. "The coordination between education and employment policies," EFZG Working Papers Series 0802, Faculty of Economics and Business, University of Zagreb.

  6. Bayraktar, Nihal & Sakellaris, Plutarchos & Vermeulen, Philip, 2005. "Real versus financial frictions to capital investment," Working Paper Series 566, European Central Bank.

    Cited by:

    1. Nihal Bayraktar & Yan Wang, 2008. "Banking Sector Openness and Economic Growth," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 2(2), pages 145-175, June.
    2. Athanasios Lapatinas, 2015. "Multinational versus National Firms on Labour Adjustment Costs: A Structural Approach," Journal of Labor Research, Springer, vol. 36(4), pages 427-441, December.
    3. Hirokazu Mizobata, 2014. "What determines the Japanese firm investments: real or financial?," Applied Economics, Taylor & Francis Journals, vol. 46(3), pages 303-311, January.
    4. Lapatinas, Athanasios, 2015. "Multinational versus national firms on capital adjustment costs: A structural approach," Economics Discussion Papers 2015-20, Kiel Institute for the World Economy (IfW Kiel).
    5. Bayer, Christian, 2006. "Investment dynamics with fixed capital adjustment cost and capital market imperfections," Journal of Monetary Economics, Elsevier, vol. 53(8), pages 1909-1947, November.
    6. Yun Jung Kim & Linda Tesar & Jing Zhang, 2012. "The Impact of Foreign Liabilities on Small Firms: Firm-Level Evidence from the Korean Crisis," NBER Working Papers 17756, National Bureau of Economic Research, Inc.
    7. Claudia M. Buch & Iris Kesternich & Alexander Lipponer, 2009. "Financial Constraints and the Margins of FDI," IAW Discussion Papers 54, Institut für Angewandte Wirtschaftsforschung (IAW).
    8. Giovanni Cerulli & Bianca Poti', 2016. "Explaining firm sensitivity to R&D subsidies within a dose-response model: The role of financial constraints, real cost of investment, and strategic value of R&D," DEM Working Papers 2016/09, Department of Economics and Management.
    9. Ádám Reiff, 2010. "Firm-level adjustment costs and aggregate investment dynamics – Estimation on Hungarian data," MNB Working Papers 2010/2, Magyar Nemzeti Bank (Central Bank of Hungary).
    10. Christian Bayer, 2001. "Aggregate investment dynamics when firms face fixed investment cost and capital market imperfections," Discussion Papers in Economics 01_13, University of Dortmund, Department of Economics.
    11. Roys, Nicolas, 2014. "Optimal investment policy with fixed adjustment costs and complete irreversibility," Economics Letters, Elsevier, vol. 124(3), pages 416-419.
    12. Jae Sim & Simon Gilchrist, 2007. "Investment during the Korean financial crisis: A structural econometric approach," 2007 Meeting Papers 53, Society for Economic Dynamics.
    13. Schnitzer, Monika & Buch, Claudia & Kesternich, Iris & Lipponer, Alexander, 2010. "Exports Versus FDI Revisited: Does Finance Matter?," CEPR Discussion Papers 7839, C.E.P.R. Discussion Papers.
    14. Bayraktar, Nihal & Wang, Yan, 2006. "Banking sector openness and economic growth," Policy Research Working Paper Series 4019, The World Bank.
    15. Russell Cooper & Joao Ejarque, 2003. "Financial Frictions and Investment: Requiem in Q," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(4), pages 710-728, October.
    16. Lapatinas, Athanasios, 2009. "Labour adjustment costs: Estimation of a dynamic discrete choice model using panel data for Greek manufacturing firms," Labour Economics, Elsevier, vol. 16(5), pages 521-533, October.
    17. Bayraktar, Nihal & Fofack, Hippolyte, 2007. "Specification of investment functions in Sub-Saharan Africa," Policy Research Working Paper Series 4171, The World Bank.
    18. Bayraktar, Nihal, 2014. "Fixed investment/fundamental sensitivities under financial constraints," Journal of Economics and Business, Elsevier, vol. 75(C), pages 25-59.
    19. Alessandra Guariglia & John Tsoukalas & Serafeim Tsoukas, 2010. "Investment, irreversibility, and financing constraints in transition economies," Discussion Papers 10/03, University of Nottingham, School of Economics.
    20. Lapatinas Athanasios, 2012. "On the Interrelation of Capital and Labor Adjustment Costs at the Firm Level," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 16(3), pages 1-36, September.
    21. Simon Gilchrist & Jae W. Sim, 2007. "Investment during the Korean Financial Crisis: A Structural Econometric Analysis," NBER Working Papers 13315, National Bureau of Economic Research, Inc.
    22. Jason M. DeBacker, 2011. "Capital Taxes with Real and Financial Frictions," Working Papers 201402, Middle Tennessee State University, Department of Economics and Finance.
    23. Claudia Buch & Iris Kesternich & Alexander Lipponer & Monika Schnitzer, 2014. "Financial constraints and foreign direct investment: firm-level evidence," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 150(2), pages 393-420, May.

  7. Sakellaris, Plutarchos & Wilson, Daniel J., 2002. "Quantifying embodied technological change," Working Paper Series 158, European Central Bank.

    Cited by:

    1. Livdan, Dmitry & Nezlobin, Alexander, 2021. "Investment, capital stock, and replacement cost of assets when economic depreciation is non-geometric," Journal of Financial Economics, Elsevier, vol. 142(3), pages 1444-1469.
    2. Tsoukalas, John, 2009. "Time to Build Capital: Revisiting Investment-Cash Flow Sensitivities," MPRA Paper 25870, University Library of Munich, Germany.
    3. Alessandro Mistretta & Francesco Zollino, 2021. "Recent Trends in Economic Activity and TFP in Italy with a Focus on Embodied Technical Progress," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 7(1), pages 79-107, March.
    4. Taiji Hagiwara & Yoichi Matsubayashi, 2014. "Capital Accumulation, Vintage and Productivity: The Japanese Experience," Discussion Papers 1418, Graduate School of Economics, Kobe University.
    5. Raúl Fuentes Z. & Javier Scavia D. & Juan Berríos P., 2014. "About the long-term distributional impact of embodied technological progress (without spillover effects) in developing countries," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 17(3), pages 28-54, December.
    6. Frank R. Lichtenberg, 2009. "Have newer cardiovascular drugs reduced hospitalization? Evidence from longitudinal country‐level data on 20 OECD countries, 1995–2003," Health Economics, John Wiley & Sons, Ltd., vol. 18(5), pages 519-534, May.
    7. Enghin Atalay, 2014. "Materials Prices And Productivity," Journal of the European Economic Association, European Economic Association, vol. 12(3), pages 575-611, June.
    8. Groth, Christian & Wendner, Ronald, 2011. "Learning by investing, embodiment, and speed of convergence," MPRA Paper 29008, University Library of Munich, Germany.
    9. Linarello, Andrea, 2018. "Direct and indirect effects of trade liberalization: Evidence from Chile," Journal of Development Economics, Elsevier, vol. 134(C), pages 160-175.
    10. Alessandro Mistretta & Francesco Zollino, 0. "Recent Trends in Economic Activity and TFP in Italy with a Focus on Embodied Technical Progress," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 0, pages 1-29.
    11. Carmen D. Alvarez-Albelo & Monica Pigem-Vigo, 2007. "Quality of Imports Relative to Exports, and the Transmission of Sustained Growth through the Terms of Trade," International Economic Journal, Taylor & Francis Journals, vol. 21(3), pages 381-398.
    12. Andrea Linarello, 2014. "Trade liberalization and domestic suppliers: evidence from Chile," Temi di discussione (Economic working papers) 994, Bank of Italy, Economic Research and International Relations Area.
    13. Savvidou, Eleni, 2003. "The Relationship Between Skilled Labor and Technical Change," Working Paper Series 2003:27, Uppsala University, Department of Economics.
    14. Chad Syverson, 2011. "What Determines Productivity?," Journal of Economic Literature, American Economic Association, vol. 49(2), pages 326-365, June.
    15. Fuentes, Raúl & Mishra, Tapas & Scavia, Javier & Parhi, Mamata, 2014. "On optimal long-term relationship between TFP, institutions, and income inequality under embodied technical progress," Structural Change and Economic Dynamics, Elsevier, vol. 31(C), pages 89-100.
    16. Frank R. Lichtenberg & Gautier Duflos, 2008. "Pharmaceutical innovation and the longevity of Australians: a first look," NBER Working Papers 14009, National Bureau of Economic Research, Inc.
    17. Ricardo Azevedo Araujo & Gilberto Tadeu Lima, 2012. "Capital-Specific Technological Change and Human Capital Accumulation in a Model of Export-Led Growth," PSL Quarterly Review, Economia civile, vol. 65(262), pages 275-311.
    18. Frank Lichtenberg, 2011. "The quality of medical care, behavioral risk factors, and longevity growth," International Journal of Health Economics and Management, Springer, vol. 11(1), pages 1-34, March.
    19. Ilhan Guner, 2023. "Growth and Welfare Implications of Sector-Specific Innovations," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 47, pages 204-245, January.
    20. Tang, Le & Jefferson, Gary, 2024. "A DSGE model of energy efficiency with vintage capital in Chinese industry," Economic Modelling, Elsevier, vol. 132(C).
    21. Frank Lichtenberg, 2006. "The Effect of Using Newer Drugs on Admissions of Elderly Americans to Hospitals and Nursing Homes: State-level Evidence from 1997 to 2003," PharmacoEconomics, Springer, vol. 24(3), pages 5-25, December.
    22. Daniel Wilson, 2003. "Embodying Embodiment in a Structural, Macroeconomic Input-Output Model," Economic Systems Research, Taylor & Francis Journals, vol. 15(3), pages 371-398.
    23. Gortz, Christoph & John, Tsoukalas, 2011. "Learning, capital-embodied technology and aggregate fluctuations," MPRA Paper 35438, University Library of Munich, Germany, revised Nov 2011.
    24. Mukoyama, Toshihiko, 2008. "Endogenous depreciation, mismeasurement of aggregate capital, and the productivity slowdown," Journal of Macroeconomics, Elsevier, vol. 30(1), pages 513-522, March.
    25. Germán Daniel Lambardi & Jhon James Mora, 2014. "Determinantes de la innovación en productos o procesos: el caso colombiano," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 16(31), pages 251-262, July-Dece.
    26. Quang-Thanh Ngo & Quang-Van Tran & Tien-Dung Nguyen & Trung-Thanh Nguyen, 2020. "How Heterogeneous Are the Determinants of Total Factor Productivity in Manufacturing Sectors? Panel-Data Evidence from Vietnam," Economies, MDPI, vol. 8(3), pages 1-25, July.
    27. Wifo, 2015. "WIFO-Monatsberichte, Heft 11/2015," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(11), November.
    28. Daniel J. Wilson, 2002. "Is Embodied Technology the Result of Upstream R&D? Industry-Level Evidence," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(2), pages 285-317, April.
    29. Le Xu & Yang Yu & Francesco Zanetti, 2024. "The Adoption and Termination of Suppliers over the Business Cycle," Discussion Papers 2416, Centre for Macroeconomics (CFM).
    30. Taiji Hagiwara & Yoichi Matsubayashi, 2019. "Capital Accumulation, Vintage And Productivity: The Japanese Experience," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(03), pages 747-771, June.
    31. Frank Lichtenberg, 2012. "Contribution of Pharmaceutical Innovation to Longevity Growth in Germany and France, 2001–7," PharmacoEconomics, Springer, vol. 30(3), pages 197-211, March.
    32. Frank Lichtenberg, 2010. "The Contribution of Pharmaceutical Innovation to Longevity Growth in Germany and France," CESifo Working Paper Series 3095, CESifo.
    33. TOKUI Joji & INUI Tomohiko & Young Gak KIM, 2008. "Embodied Technological Progress and the Productivity Slowdown in Japan," Discussion papers 08017, Research Institute of Economy, Trade and Industry (RIETI).
    34. Parisi, Maria Laura & Schiantarelli, Fabio & Sembenelli, Alessandro, 2006. "Productivity, innovation and R&D: Micro evidence for Italy," European Economic Review, Elsevier, vol. 50(8), pages 2037-2061, November.
    35. Ricardo Azevedo Araujo & Gilberto Tadeu Lima, 2008. "Investment-Specific Technological Change, Investment Sectoral Allocation and Human Capital Accumulation in a Model of Export-Led Growth," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807211332520, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    36. Petr Pavlínek & Jan Ženka, 2011. "Upgrading in the automotive industry: firm-level evidence from Central Europe," Journal of Economic Geography, Oxford University Press, vol. 11(3), pages 559-586, May.
    37. Weber, Henning, 2015. "Innovation and the Optimal Rate of Inflation," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113087, Verein für Socialpolitik / German Economic Association.
    38. Maliranta, Mika, . "Micro Level Dynamics of Productivity Growth. An Empirical Analysis of the Great Leap in Finnish Manufacturing Productivity in 1975-2000," ETLA A, The Research Institute of the Finnish Economy, number 38, June.
    39. Araujo, Ricardo Azevedo & Lima, Gilberto Tadeu, 2011. "Embodied technological change, capital sectoral allocation and export-led growth," MPRA Paper 29810, University Library of Munich, Germany.
    40. Chia-Hung Sun, 2006. "Imperfect Competition, Economic Miracle, and Manufacturing Productivity Growth: Empirical Evidence from Taiwan," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 34(3), pages 341-359, September.
    41. Jeff Luckstead & Seung Mo Choi & Stephen Devadoss & Ron C. Mittelhammer, 2014. "China's catch-up to the US economy: decomposing TFP through investment-specific technology and human capital," Applied Economics, Taylor & Francis Journals, vol. 46(32), pages 3995-4007, November.
    42. Groth, Christian & Wendner, Ronald, 2014. "Embodied learning by investing and speed of convergence," Journal of Macroeconomics, Elsevier, vol. 40(C), pages 245-269.
    43. Laurin Janes, 2013. "Can capital grants help microenterprises reach the productivity level of SMEs? Evidence from an experiment in Sri Lanka," CSAE Working Paper Series 2013-18, Centre for the Study of African Economies, University of Oxford.
    44. Shishir Saxena, 2007. "Technology And Spillovers: Evidence From Indian Manufacturing Micro-Data," Monash Economics Working Papers 27-07, Monash University, Department of Economics.
    45. Wojciech Szewczyk & Anna Sabadash, 2013. "Macroeconomic Modelling of Public Expenditures on Research and Development in Information and Communication Technologies," JRC Research Reports JRC82943, Joint Research Centre.
    46. Shchetynin, Yevhenii & Nazrullaeva, Eugenia, 2012. "Effects of fixed capital investments on technical efficiency in food industry," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 28(4), pages 63-84.
    47. Joern Kleinert, 2021. "Organizational capital, technological choice, and firm productivity," Graz Economics Papers 2021-03, University of Graz, Department of Economics.
    48. Reinout De Bock, 2005. "Embodied Technical Change and the Persistence of Vacancies," 2005 Meeting Papers 572, Society for Economic Dynamics.
    49. Lichtenberg, Frank R. & Tatar, Mehtap & Çalışkan, Zafer, 2014. "The effect of pharmaceutical innovation on longevity, hospitalization and medical expenditure in Turkey, 1999–2010," Health Policy, Elsevier, vol. 117(3), pages 361-373.
    50. Martin Falk & Werner Hölzl & Harald Oberhofer, 2015. "Die Bedeutung von unternehmensbezogenen Individualdaten für die empirische Wirtschaftsforschung und wirtschaftspolitische Beratung," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(11), pages 845-857, November.

  8. Plutarchos Sakellaris, 2001. "Patterns of plant adjustment," Finance and Economics Discussion Series 2001-05, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Li, Na & Vyn, Richard & McEwan, Ken, 2015. "To Invest or to Sell? The Impacts of Ontario's Greenbelt on Farm Exit and Investment Decisions," 2015 Conference, August 9-14, 2015, Milan, Italy 212049, International Association of Agricultural Economists.
    2. Görtz, Christoph & Sakellaris, Plutarchos & Tsoukalas, John D., 2023. "Firms’ financing dynamics around lumpy capacity adjustments," European Economic Review, Elsevier, vol. 156(C).
    3. Letterie, W.A. & Nilsen, O.A. & Pfann, G.A., 2008. "Interrelated factor demand with nonconvex adjustment costs: a note," Research Memorandum 002, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    4. Fabiano Rodrigues Bastos, 2007. "Organizational Capital, Learning-by-Doing and Investment Volatility," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 8(3), pages 463-475.
    5. Sakellaris, Plutarchos & Wilson, Daniel J., 2002. "Quantifying embodied technological change," Working Paper Series 158, European Central Bank.
    6. Amundsen, Alexander, 2023. "Interaction effects in the adjustment cost function of firms," Journal of Economic Dynamics and Control, Elsevier, vol. 146(C).
    7. Marco Grazzi & Nadia Jacoby & Tania Treibich, 2015. "Dynamics of investment and firm performance: comparative evidence from manufacturing industries," Post-Print halshs-01241664, HAL.
    8. Magne K. Asphjell & Wilko Letterie & Øivind A. Nilsen & Gerard A. Pfann, 2014. "Sequentiality Versus Simultaneity: Interrelated Factor Demand," The Review of Economics and Statistics, MIT Press, vol. 96(5), pages 986-998, December.
    9. D'Erasmo, Pablo, 2006. "Investment and firm dynamics," MPRA Paper 3598, University Library of Munich, Germany, revised Apr 2007.
    10. René Böheim & Alfred Stiglbauer & Rudolf Winter-Ebmer, 2008. "On the Persistence of Job Creation in Old and New Firms," Economics working papers 2008-04, Department of Economics, Johannes Kepler University Linz, Austria.
    11. Roberto M Samaniego, 2006. "A Theory of Entry and Exit with Embodied Rate of Technical Change," 2006 Meeting Papers 765, Society for Economic Dynamics.
    12. Tsuyoshi Nakamura & Hiroshi Ohashi, 2008. "Effects Of Technology Adoption On Productivity And Industry Growth: A Study Of Steel Refining Furnaces," Journal of Industrial Economics, Wiley Blackwell, vol. 56(3), pages 470-499, September.
    13. Thomas J. Holmes & David K. Levine & James A. Schmitz, 2012. "Monopoly and the Incentive to Innovate When Adoption Involves Switchover Disruptions," American Economic Journal: Microeconomics, American Economic Association, vol. 4(3), pages 1-33, August.
    14. Luis A. Puch & Omar Licandro & Reyes Maroto, 2005. "Innovation, Machine Replacement and Productivity," 2005 Meeting Papers 606, Society for Economic Dynamics.
    15. Anna Ilyina & Roberto Samaniego, 2011. "Technology and Financial Development," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(5), pages 899-921, August.
    16. Samaniego, Roberto M., 2006. "Organizational capital, technology adoption and the productivity slowdown," Journal of Monetary Economics, Elsevier, vol. 53(7), pages 1555-1569, October.
    17. Schulte, Reinhard, 2018. "New venture investing trajectories: A large scale longitudinal study," Lüneburger Beiträge zur Gründungsforschung 13, Leuphana University of Lüneburg, Department of Entrepreneurship & Start-up Management.
    18. Roberto M Samaniego, 2004. "Does Employment Protection Inhibit Technical Diffusion?," Computing in Economics and Finance 2004 51, Society for Computational Economics.
    19. Contreras, Juan, 2006. "An Empirical Model of Factor Adjustment Dynamics," MPRA Paper 9797, University Library of Munich, Germany.
    20. Kapelko, Magdalena & Oude Lansink, Alfons & Stefanou, Spiro E., 2015. "Analyzing the impact of investment spikes on dynamic productivity growth," Omega, Elsevier, vol. 54(C), pages 116-124.
    21. Øivind A. Nilsen & Arvid Raknerud & Marina Rybalka & Terje Skjerpen, 2005. "Lumpy Investments, Factor Adjustments and Productivity," Discussion Papers 441, Statistics Norway, Research Department.
    22. Letterie, Wilko A. & Pfann, Gerard A. & Polder, J. Michael, 2004. "Factor adjustment spikes and interrelation: an empirical investigation," Economics Letters, Elsevier, vol. 85(2), pages 145-150, November.
    23. Estrin, Saul & Korosteleva, Julia & Mickiewicz, Tomasz, 2022. "Schumpeterian entry: innovation, exporting, and growth aspirations of entrepreneurs," LSE Research Online Documents on Economics 104043, London School of Economics and Political Science, LSE Library.
    24. Arpad Abraham & Kirk White, 2006. "The Dynamics of Plant-Level Productivity in U.S. Manufacturing," Working Papers 06-20, Center for Economic Studies, U.S. Census Bureau.
    25. Vasilios D. Kosteas, 2017. "Workers’ Participation in Training and Import Competition: Evidence from the USA," The World Economy, Wiley Blackwell, vol. 40(6), pages 1089-1104, June.
    26. René Böheim & Alfred Stiglbauer & Rudolf Winter-Ebmer, 2005. "When and how to create a job: The survival of new jobs in Austrian firms," Economics working papers 2005-04, Department of Economics, Johannes Kepler University Linz, Austria.
    27. Michał Gradzewicz, 2018. "What happens when firms invest? Investment events and firm performance," NBP Working Papers 291, Narodowy Bank Polski.
    28. Cynthia Bansak & Norman J. Morin & Martha Starr-McCluer, 2004. "Technology, capital spending, and capacity utilization," Finance and Economics Discussion Series 2004-30, Board of Governors of the Federal Reserve System (U.S.).
    29. Omar LICANDRO & Reyes MAROTO & Luis A. PUCH, 2004. "Innovation, investment and productivity: evidence from Spanish firms," Economics Working Papers ECO2004/07, European University Institute.
    30. Faccini, Renato & Ortigueira, Salvador, 2010. "Labor-market volatility in the search-and-matching model: The role of investment-specific technology shocks," Journal of Economic Dynamics and Control, Elsevier, vol. 34(8), pages 1509-1527, August.
    31. Fernandes, Ana M., 2008. "Firm Productivity in Bangladesh Manufacturing Industries," World Development, Elsevier, vol. 36(10), pages 1725-1744, October.
    32. Schulte, Reinhard, 2015. "On real investment by new ventures," Lüneburger Beiträge zur Gründungsforschung 12, Leuphana University of Lüneburg, Department of Entrepreneurship & Start-up Management.
    33. Pinar Geylani & Spiro Stefanou, 2013. "Linking investment spikes and productivity growth," Empirical Economics, Springer, vol. 45(1), pages 157-178, August.
    34. Ms. Anna Ilyina & Roberto M. Samaniego, 2008. "Technology and Finance," IMF Working Papers 2008/182, International Monetary Fund.
    35. Øivind A. Nilsen & Arvid Raknerud & Marina Rybalka & Terje Skjerpen, 2009. "Lumpy investments, factor adjustments, and labour productivity," Oxford Economic Papers, Oxford University Press, vol. 61(1), pages 104-127, January.
    36. Sandra Martina Leitner, 2008. "Interrelatedness, Dynamic Factor Adjustment Patterns and Firm Heterogeneity in Austrian Manufacturing," Economics working papers 2008-03, Department of Economics, Johannes Kepler University Linz, Austria.
    37. Polder, Michael & Verick, Sher, 2004. "Dynamics of Labour and Capital Adjustment – A Comparison of Germany and the Netherlands," IZA Discussion Papers 1212, Institute of Labor Economics (IZA).
    38. Won-Sik Hwang & Ho-Sung Kim, 2022. "Does the adoption of emerging technologies improve technical efficiency? Evidence from Korean manufacturing SMEs," Small Business Economics, Springer, vol. 59(2), pages 627-643, August.
    39. Tang, Le, 2022. "The dynamic demand for capital and labor: Evidence from Chinese industrial firms," Economic Modelling, Elsevier, vol. 107(C).
    40. Juan M. Contreras, 2006. "An Empirical Model of Factor Adjustment Dynamics: Working Paper 2006-13," Working Papers 18250, Congressional Budget Office.
    41. Matthias Kehrig & Nicolas Vincent, 2017. "Do Firms Mitigate or Magnify Capital Misallocation? Evidence from Plant-Level Data," Working Papers 17-14, Center for Economic Studies, U.S. Census Bureau.
    42. Plutarchos Sakellaris & Daniel J. Wilson, 2001. "The production-side approach to estimating embodied technological change," Finance and Economics Discussion Series 2001-20, Board of Governors of the Federal Reserve System (U.S.).
    43. Lapatinas Athanasios, 2012. "On the Interrelation of Capital and Labor Adjustment Costs at the Firm Level," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 16(3), pages 1-36, September.
    44. Pinar Celikkol Geylani & Spiro E. Stefanou, 2008. "Linking Investment Spikes and Productivity Growth: U.S. Food Manufacturing Industry," Working Papers 08-36, Center for Economic Studies, U.S. Census Bureau.
    45. Kemp-Benedict, Eric, 2014. "Shifting to a Green Economy: Lock-in, Path Dependence, and Policy Options," MPRA Paper 60175, University Library of Munich, Germany.
    46. Martin Falk & Sigbjorn Landazuri Tveteraas, 2020. "Modelling the wider effects of ski lift investments," Empirical Economics, Springer, vol. 59(1), pages 259-274, July.
    47. Yu, Xiaodan & Dosi, Giovanni & Grazzi, Marco & Lei, Jiasu, 2017. "Inside the virtuous circle between productivity, profitability, investment and corporate growth: An anatomy of Chinese industrialization," Research Policy, Elsevier, vol. 46(5), pages 1020-1038.
    48. Hiroshi Ohashi & Tsuyoshi Nakamura, 2005. "Technology Adoption, Learning by Doing, and Productivity: A Study from Steel Refining Furnaces," 2005 Meeting Papers 28, Society for Economic Dynamics.
    49. Christoph Görtz & Plutarchos Sakellaris & John D. Tsoukalas, 2017. "Financing Lumpy Adjustment," Working Papers 2017_06, Business School - Economics, University of Glasgow.
    50. Wei‐Kang Wang & Wen‐Min Lu & Qian Long Kweh & Hoang Tu Nhi Truong, 2020. "What do U.S. biopharmaceutical companies get from patents and research and development spikes for their dynamic corporate performance?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(5), pages 762-770, July.
    51. Gorter, Cees & Hassink, Wolter H. J. & Russo, Giovanni, 2003. "The structure of hiring and labour market tightness," Economics Letters, Elsevier, vol. 80(1), pages 99-103, July.
    52. Samaniego, Roberto M., 2006. "Industrial subsidies and technology adoption in general equilibrium," Journal of Economic Dynamics and Control, Elsevier, vol. 30(9-10), pages 1589-1614.

  9. Plutarchos Sakellaris, 2001. "Production function estimation with industry capacity data," Finance and Economics Discussion Series 2001-06, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Taiji Hagiwara & Yoichi Matsubayashi, 2014. "Capital Accumulation, Vintage and Productivity: The Japanese Experience," Discussion Papers 1418, Graduate School of Economics, Kobe University.
    2. Whelan, Karl, 2007. "Embodiment, productivity, and the age distribution of capital," Journal of Macroeconomics, Elsevier, vol. 29(4), pages 724-740, December.
    3. SHINADA Naoki, 2011. "Quality of Labor, Capital, and Productivity Growth in Japan: Effects of employee age, seniority, and capital vintage," Discussion papers 11036, Research Institute of Economy, Trade and Industry (RIETI).
    4. TOKUI Joji & INUI Tomohiko & Young Gak KIM, 2008. "Embodied Technological Progress and the Productivity Slowdown in Japan," Discussion papers 08017, Research Institute of Economy, Trade and Industry (RIETI).

  10. Plutarchos Sakellaris & Daniel J. Wilson, 2001. "The production-side approach to estimating embodied technological change," Finance and Economics Discussion Series 2001-20, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Frank R. Lichtenberg & Suchin Virabhak, 2002. "Pharmaceutical-embodied technical progress, longevity, and quality of life: drugs as "equipment for your health"," NBER Working Papers 9351, National Bureau of Economic Research, Inc.
    2. John Laitner & Dmitriy Stolyarov, 2003. "Technological Change and the Stock Market," American Economic Review, American Economic Association, vol. 93(4), pages 1240-1267, September.
    3. Boyan Jovanovic & Peter L. Rousseau, 2002. "Moore's Law and Learning-By-Doing," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(2), pages 346-375, April.
    4. Frank R. Lichtenberg & Gautier Duflos, 2008. "Pharmaceutical innovation and the longevity of Australians: a first look," NBER Working Papers 14009, National Bureau of Economic Research, Inc.
    5. Frank Lichtenberg, 2011. "The quality of medical care, behavioral risk factors, and longevity growth," International Journal of Health Economics and Management, Springer, vol. 11(1), pages 1-34, March.
    6. Daniel Wilson, 2003. "Embodying Embodiment in a Structural, Macroeconomic Input-Output Model," Economic Systems Research, Taylor & Francis Journals, vol. 15(3), pages 371-398.
    7. Frank R. Lichtenberg, 2005. "Pharmaceutical Knowledge-Capital Accumulation and Longevity," NBER Chapters, in: Measuring Capital in the New Economy, pages 237-274, National Bureau of Economic Research, Inc.
    8. Frank R. Lichtenberg, 2002. "The Effect of Changes in Drug Utilization on Labor Supply and Per Capita Output," NBER Working Papers 9139, National Bureau of Economic Research, Inc.

  11. Plutarchos Sakellaris & Antonio Spilimbergo, 1999. "Business Cycles and Investment in Human Capital: International Evidence on Higher Education," Electronic Working Papers 99-009, University of Maryland, Department of Economics.

    Cited by:

    1. Orhan Torul & Oguz Oztunali, 2017. "Intergenerational Educational Mobility in Europe," Working Papers 2017/03, Bogazici University, Department of Economics.
    2. David N. DeJong & Beth F. Ingram, 2001. "The Cyclical Behavior of Skill Acquisition," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(3), pages 536-561, July.
    3. Facundo Sepulveda & Fabio Mendez, 2011. "The cyclicality of skill acquisition: Evidence from panel data," CAMA Working Papers 2011-13, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    4. Erica Blom & Brian C. Cadena & Benjamin J. Keys, 2021. "Investment over the Business Cycle: Insights from College Major Choice," Journal of Labor Economics, University of Chicago Press, vol. 39(4), pages 1043-1082.
    5. Neel Rao, 2016. "The Impact Of Macroeconomic Conditions In Childhood On Adult Labor Market Outcomes," Economic Inquiry, Western Economic Association International, vol. 54(3), pages 1425-1444, July.
    6. A. Di Liberto, 2004. "Convergence clubs and the role of human capital in Spanish Regional Growth," Working Paper CRENoS 200418, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    7. Gilpin, Gregory A. & Saunders, Joseph & Stoddard, Christiana, 2015. "Why has for-profit colleges’ share of higher education expanded so rapidly? Estimating the responsiveness to labor market changes," Economics of Education Review, Elsevier, vol. 45(C), pages 53-63.
    8. Leszek Wincenciak, 2019. "Evolution of private returns to schooling over the business cycle in a transition economy," Working Papers 2019-19, Faculty of Economic Sciences, University of Warsaw.
    9. Barbara Sadaba & Sunčica Vujič & Sofia Maier, 2020. "Cyclicality of Schooling: New Evidence from Unobserved Components Models," Staff Working Papers 20-38, Bank of Canada.
    10. Jennifer Graves & Zoë Kuehn, 2019. "Specializing in growing sectors: Wage returns and gender differences," Working Papers 20190030, New York University Abu Dhabi, Department of Social Science, revised Oct 2019.
    11. Patrick Francois & Huw Lloyd-Ellis, 2001. "Animal Spirits meets Creative Destruction," Cahiers de recherche CREFE / CREFE Working Papers 130, CREFE, Université du Québec à Montréal.
    12. Mobarak, Ahmed & Maskus, Keith & Stuen, Eric T., 2010. "Skilled Immigration and Innovation: Evidence from Enrollment Fluctuations in U.S. Doctoral Programs," CEPR Discussion Papers 7709, C.E.P.R. Discussion Papers.
    13. Ran Abramitzky & Victor Lavy, 2014. "How Responsive Is Investment in Schooling to Changes in Redistributive Policies and in Returns?," Econometrica, Econometric Society, vol. 82(4), pages 1241-1272, July.
    14. Bradley, Elizabeth S., 2012. "The Effect of the Business Cycle on Freshman Major Choice," MPRA Paper 42412, University Library of Munich, Germany.
    15. John P. Conley & Ali Sina Önder & Benno Torgler, 2012. "Are all High-Skilled Cohorts Created Equal? Unemployment, Gender, and Research Productivity," Working Papers 2012.86, Fondazione Eni Enrico Mattei.
    16. Chellaraj, Gnanaraj & Maskus, Keith E. & Mattoo, Aaditya, 2005. "The contribution of skilled immigration and international graduate students to U.S. innovation," Policy Research Working Paper Series 3588, The World Bank.
    17. Sadaba, Barbara & Vujić, Sunčica & Maier, Sofia, 2024. "Characterizing the schooling cycle," Economic Modelling, Elsevier, vol. 132(C).
    18. Diana Alessandrini & Stephen Kosempel & Thanasis Stengos, 2014. "The business cycle human capital accumulation nexus and its effect on hours worked volatility," Working Papers 1407, University of Guelph, Department of Economics and Finance.
    19. Jones, Larry E. & Manuelli, Rodolfo E., 2005. "Neoclassical Models of Endogenous Growth: The Effects of Fiscal Policy, Innovation and Fluctuations," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 1, pages 13-65, Elsevier.
    20. Dimitrios Varvarigos, 2013. "Endogenous Cycles and Human Capital," Discussion Papers in Economics 13/18, Division of Economics, School of Business, University of Leicester.
    21. Bedard, Kelly & Herman, Douglas A., 2008. "Who goes to graduate/professional school? The importance of economic fluctuations, undergraduate field, and ability," Economics of Education Review, Elsevier, vol. 27(2), pages 197-210, April.
    22. Dimitrios Varvarigos, 2017. "Endogenous cycles and human capital," Journal of Economics, Springer, vol. 120(1), pages 31-45, January.
    23. Sara Ayllón & Natalia Nollenberger, 2018. "The unequal opportunity for skills acquisition during the Great Recession in Europe," Working Papers 2018/13, Institut d'Economia de Barcelona (IEB).
    24. Malik Fahim Bashir & Changsheng Xu & Khalid Zaman & Ghulam Akhmat, 2014. "Key Factors Determining the Rationale for Brain Drain: An Irony Never Recovered," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 2(8), pages 308-320, August.
    25. Dang, Jing & Gillman, Max & Kejak, Michal, 2011. "Real Business Cycles with a Human Capital Investment Sector and Endogenous Growth: Persistence, Volatility and Labor Puzzles," Cardiff Economics Working Papers E2011/8, Cardiff University, Cardiff Business School, Economics Section.
    26. Elizabeth B. Clelan & Michael S. Kofoed, 2017. "The Effect Of The Business Cycle On Freshman Financial Aid," Contemporary Economic Policy, Western Economic Association International, vol. 35(2), pages 253-268, April.
    27. Ernest Boffy-Ramirez, 2017. "The heterogeneous impacts of business cycles on educational attainment," Education Economics, Taylor & Francis Journals, vol. 25(6), pages 554-561, November.
    28. Baris Kaymak, 2009. "Ability Bias and the Rising Education Premium in the United States: A Cohort-Based Analysis," Journal of Human Capital, University of Chicago Press, vol. 3(3), pages 224-267.
    29. Keith Blackburn & Dimitrios Varvarigos, 2008. "Human capital accumulation and output growth in a stochastic environment," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(3), pages 435-452, September.
    30. Zachary G. Davis, 2023. "Unbundling For-Profit Higher Education: Relaxing the 90/10 Revenue Constraint," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 49(2), pages 176-200, April.
    31. K Blackburn & D Varvarigos, 2006. "Human Capital Accumulation in a Stochastic Environment: Some New Results on the Relationship Between Growth and Volatility," Centre for Growth and Business Cycle Research Discussion Paper Series 74, Economics, The University of Manchester.
    32. Di Liberto, Adriana & Symons, James, 2001. "Education and Italian regional development," LSE Research Online Documents on Economics 20121, London School of Economics and Political Science, LSE Library.
    33. Diana Alessandrini, 2014. "On the Cyclicality of Schooling Decisions: Evidence from Canadian Data," Working Paper series 16_14, Rimini Centre for Economic Analysis.
    34. Jim Malley & Ulrich Woitek, 2019. "Estimated Human Capital Externalities in an Endogenous Growth Framework," Working Papers 2019_04, Business School - Economics, University of Glasgow.
    35. Bonacini, Luca, 2020. "Unequal effects of the economic cycle on human capital investment. Evidence from Italian panel data," GLO Discussion Paper Series 733, Global Labor Organization (GLO).
    36. Jennifer Graves & Zoë Kuehn, 2022. "Higher education decisions and macroeconomic conditions at age eighteen," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 13(1), pages 171-241, May.

  12. Allan Drazen & Plutarchos Sakellaris, 1999. "News About News: Information Arrival and Irreversible Investment," NBER Technical Working Papers 0244, National Bureau of Economic Research, Inc.

    Cited by:

    1. Yishay D. Maoz, 2005. "More on Bernanke's “Bad News Principle”," General Economics and Teaching 0510002, University Library of Munich, Germany.
    2. J. W. Fedderke & J. M. Luiz, 2008. "The Political Economy of Institutions, Stability and Investment: A Simultaneous Equation Approach in an Emerging Economy. The Case of South Africa," Journal of Development Studies, Taylor & Francis Journals, vol. 44(7), pages 1056-1079.
    3. Johannes Fedderke, 2004. "Investment in Fixed Capital Stock: Testing for the Impact of Sectoral and Systemic Uncertainty," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 66(2), pages 165-187, May.

  13. Benhabib, Jess & Perli, Roberto & Sakellaris, Plutarchos, 1997. "Persistence of Business Cycles in Multisector RBC Models," Working Papers 97-19, C.V. Starr Center for Applied Economics, New York University.

    Cited by:

    1. Nishimura, Kazuo & Venditti, Alain, 2002. "Intersectoral Externalities and Indeterminacy," Journal of Economic Theory, Elsevier, vol. 105(1), pages 140-157, July.
    2. Otrok, Christopher, 2001. "On measuring the welfare cost of business cycles," Journal of Monetary Economics, Elsevier, vol. 47(1), pages 61-92, February.
    3. David N. DeJong & Beth F. Ingram, 2001. "The Cyclical Behavior of Skill Acquisition," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(3), pages 536-561, July.
    4. Thomas Y. Mathä & Olivier Pierrard, 2008. "Search in the product market and the real business cycle," BCL working papers 32, Central Bank of Luxembourg.
    5. Alison Butler & Michael R. Pakko, 1998. "R&D spending and cyclical fluctuations: putting the \"technology\" in technology shocks," Working Papers 1998-020, Federal Reserve Bank of St. Louis.
    6. Nigar Hashimzade & Salvador Ortigueira, 2004. "Endogenous Business Cycle With Search In The Labour Market," Royal Economic Society Annual Conference 2004 161, Royal Economic Society.
    7. Stefano Bosi & Francesco Magris & Alain Venditti, 2003. "Indeterminacy in a Cash-in-Advance Two-Sector Economy," Documents de recherche 03-04, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    8. Veroude, Alexandra, 2012. "The Role of Mining in an Australian Business Cycle Model," 2012 Conference (56th), February 7-10, 2012, Fremantle, Australia 124473, Australian Agricultural and Resource Economics Society.
    9. Caterina Mendicino, 2006. "Credit Market and Macroeconomic Volatility," 2006 Meeting Papers 317, Society for Economic Dynamics.
    10. Weder, Mark, 2000. "Can Habit Formation Solve the Consumption Anomaly in the Two-Sector Business Cycle Model?," Journal of Macroeconomics, Elsevier, vol. 22(3), pages 433-444, July.
    11. Stefano Bosi & Francesco Magris & Alain Venditti, 2005. "Multiple equilibria in a cash‐in‐advance two‐sector economy," International Journal of Economic Theory, The International Society for Economic Theory, vol. 1(2), pages 131-149, June.
    12. Accolley, Delali, 2016. "Physical and Human Capital over the Business Cycle," MPRA Paper 71017, University Library of Munich, Germany.
    13. Nishimura, Kazuo & Venditti, Alain, 2004. "Indeterminacy And The Role Of Factor Substitutability," Macroeconomic Dynamics, Cambridge University Press, vol. 8(4), pages 436-465, September.

  14. Dellas, Harris & Sakellaris, Plutarchos, 1996. "On the cyclicality of schooling: Theory and evidence," LIDAM Discussion Papers IRES 1997002, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).

    Cited by:

    1. Gunes, Pinar Mine & Ural Marchand, Beyza, 2018. "Macroeconomic Conditions and Child Schooling in Turkey," IZA Discussion Papers 11686, Institute of Labor Economics (IZA).
    2. Chrysanthi Balomenou & Aniko Kalman & Konstantinos Kolovos, 2014. "Comparative analysis of the implementation of Triple Helix Theory in Greece and Hungary and lessons learned from both cases´," ERSA conference papers ersa14p954, European Regional Science Association.
    3. Andrew Evans, 2018. "Okun coefficients and participation coefficients by age and gender," IZA Journal of Labor Economics, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 7(1), pages 1-22, December.
    4. Szilard Benk & Tamas Csaba fi & Jing Dang & Max Gillman & Michal Kejak, 2017. "Tuning in RBC Growth Spectra," EcoMod2017 10388, EcoMod.
    5. Caponi, Vincenzo & Kayahan, Cevat Burc & Plesca, Miana, 2009. "The Impact of Aggregate and Sectoral Fluctuations on Training Decisions," IZA Discussion Papers 4042, Institute of Labor Economics (IZA).
    6. Orhan Torul & Oguz Oztunali, 2017. "Intergenerational Educational Mobility in Europe," Working Papers 2017/03, Bogazici University, Department of Economics.
    7. Gregory Upton Jr., 2014. "The Effect of Merit-Based Scholarships on Educational Outcomes: An Analysis of the Arizona AIMS Scholarship," Departmental Working Papers 2014-01, Department of Economics, Louisiana State University.
    8. Facundo Sepulveda & Fabio Mendez, 2011. "The cyclicality of skill acquisition: Evidence from panel data," CAMA Working Papers 2011-13, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    9. Ivan Anic & Vladimir Bozin & Branko Uroševic, 2016. "A Signaling Model of University Selection," CESifo Working Paper Series 5741, CESifo.
    10. Erica Blom & Brian C. Cadena & Benjamin J. Keys, 2021. "Investment over the Business Cycle: Insights from College Major Choice," Journal of Labor Economics, University of Chicago Press, vol. 39(4), pages 1043-1082.
    11. Anelí Bongersy & Carmen Díaz-Roldán & José L. Torres, 2018. "Brain Drain or Brain Gain? International labor mobility and human capital formation," Working Papers 18-04, Asociación Española de Economía y Finanzas Internacionales.
    12. Kristine Simson, 2015. "Explaining upper secondary school dropout: new evidence on the role of local labor markets," Empirical Economics, Springer, vol. 48(4), pages 1419-1444, June.
    13. Lance Lochner, 2004. "Education, Work, And Crime: A Human Capital Approach," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(3), pages 811-843, August.
    14. Neel Rao, 2016. "The Impact Of Macroeconomic Conditions In Childhood On Adult Labor Market Outcomes," Economic Inquiry, Western Economic Association International, vol. 54(3), pages 1425-1444, July.
    15. Messer, Dolores & Wolter, Stefan C., 2007. "Time-to-Degree and the Business Cycle," IZA Discussion Papers 2787, Institute of Labor Economics (IZA).
    16. Mary C. Daly, 2022. "The Singularity of the Dual Mandate," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2022(27), pages 1-8, October.
    17. Alessandrini, Diana, 2018. "Is post-secondary education a safe port and for whom? Evidence from Canadian data," Economics of Education Review, Elsevier, vol. 67(C), pages 1-13.
    18. Saule Kemelbayeva, 2020. "Returns to schooling in Kazakhstan: an update using a pseudo-panel approach," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 10(3), pages 437-487, September.
    19. Murat Demirci & Meltem Poyraz, 2021. "Post-Compulsory Schooling of Youth in Turkey during the Great Recession: A Case of Pro-cyclical Enrollment," Koç University-TUSIAD Economic Research Forum Working Papers 2117, Koc University-TUSIAD Economic Research Forum.
    20. van Rens, Thijs & Vukotic, Marija, 2020. "Delayed Adjustment and Persistence in Macroeconomic Models," The Warwick Economics Research Paper Series (TWERPS) 1245, University of Warwick, Department of Economics.
    21. Mazumder, Debojyoti, 2017. "Technological Progress and Optimum Labor Market Friction," MPRA Paper 92699, University Library of Munich, Germany.
    22. Alexandr Kopytov & Nikolai Roussanov & Mathieu Taschereau-Dumouchel, 2018. "Short-Run Pain, Long-Run Gain? Recessions and Technological Transformation," NBER Working Papers 24373, National Bureau of Economic Research, Inc.
    23. Xiao, Bowen & Fan, Ying & Guo, Xiaodan & Xiang, Lin, 2022. "Re-evaluating environmental tax: An intergenerational perspective on health, education and retirement," Energy Economics, Elsevier, vol. 110(C).
    24. Gilpin, Gregory A. & Saunders, Joseph & Stoddard, Christiana, 2015. "Why has for-profit colleges’ share of higher education expanded so rapidly? Estimating the responsiveness to labor market changes," Economics of Education Review, Elsevier, vol. 45(C), pages 53-63.
    25. Freddy Heylen & Lorenzo Pozzi, 2007. "Crises and human capital accumulation," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 40(4), pages 1261-1285, November.
    26. Beartice Brunner & Andreas Kuhn, 2009. "To Shape the Future: How Labor Market Entry Conditions Affect Individuals’s Long-Run Wage Profiles," NRN working papers 2009-29, The Austrian Center for Labor Economics and the Analysis of the Welfare State, Johannes Kepler University Linz, Austria.
    27. Stephanie Aaronson & Mary C. Daly & William L. Wascher & David W. Wilcox, 2019. "Okun Revisited: Who Benefits Most from a Strong Economy," Finance and Economics Discussion Series 2019-072, Board of Governors of the Federal Reserve System (U.S.).
    28. Barbara Sadaba & Sunčica Vujič & Sofia Maier, 2020. "Cyclicality of Schooling: New Evidence from Unobserved Components Models," Staff Working Papers 20-38, Bank of Canada.
    29. Bicakova, Alena & Cortes, Matias & Mazza, Jacopo, 2023. "Make Your Own Luck: The Wage Gains from Starting College in a Bad Economy," IZA Discussion Papers 16087, Institute of Labor Economics (IZA).
    30. Michael S. Christian, 2017. "Net Investment and Stocks of Human Capital in the United States, 1975-2013," International Productivity Monitor, Centre for the Study of Living Standards, vol. 33, pages 128-149, Fall.
    31. Patrick Francois & Huw Lloyd-Ellis, 2001. "Animal Spirits meets Creative Destruction," Cahiers de recherche CREFE / CREFE Working Papers 130, CREFE, Université du Québec à Montréal.
    32. Gallice, Andrea, 2007. "Education, Dynamic Signaling and Social Distance," Discussion Papers in Economics 1364, University of Munich, Department of Economics.
    33. Gadi Barlevy & Daniel Tsiddon, 2004. "Earnings inequality and the business cycle," Working Paper Series WP-04-08, Federal Reserve Bank of Chicago.
    34. Pratikshya Sapkota & Umesh Bastola, 2015. "On the relationship between business cycle and college enrollment in the U.S.: a time series approach," Economics and Business Letters, Oviedo University Press, vol. 4(1), pages 7-16.
    35. Benoit Dicharry & Lubica Stiblarova, 2023. "Positive externalities of the EU cohesion policy: Toward more synchronised CEE countries?," International Economics and Economic Policy, Springer, vol. 20(3), pages 485-508, July.
    36. Stuart J. Fowler & Eric R. Young, 2004. "The Acquisition of Skills over the Life-Cycle," Working Papers 200402, Middle Tennessee State University, Department of Economics and Finance.
    37. Beatrice Brunner & Andreas Kuhn, 2009. "To shape the future: How labor market entry conditions affect individuals' long-run wage profiles," IEW - Working Papers 457, Institute for Empirical Research in Economics - University of Zurich.
    38. John P. Conley & Ali Sina Önder & Benno Torgler, 2012. "Are all High-Skilled Cohorts Created Equal? Unemployment, Gender, and Research Productivity," Working Papers 2012.86, Fondazione Eni Enrico Mattei.
    39. Ignacio Duran, 2021. "Capital humano y ciclo económico: la inscripción en educación superior en la Union Europea en el período 2000-2018," Ensayos de Política Económica, Departamento de Investigación Francisco Valsecchi, Facultad de Ciencias Económicas, Pontificia Universidad Católica Argentina., vol. 3(3), pages 77-105, Octubre.
    40. Pedro de Araujo & James Murray, 2010. "Estimating the effects of dormitory living on student performance," Economics Bulletin, AccessEcon, vol. 30(1), pages 866-878.
    41. Effrosyni Adamopoulou & Giulia Martina Tanzi, 2014. "Academic performance and the Great Recession," Temi di discussione (Economic working papers) 970, Bank of Italy, Economic Research and International Relations Area.
    42. Skoufias, Emmanual & Parker, Susan W., 2002. "Labor market shocks and their impacts on work and schooling," FCND briefs 129, International Food Policy Research Institute (IFPRI).
    43. Emanuela Ghignoni, 2015. "Family background and university dropouts during the crisis: the case of Italy," Working Papers in Public Economics 169, University of Rome La Sapienza, Department of Economics and Law.
    44. Sadaba, Barbara & Vujić, Sunčica & Maier, Sofia, 2024. "Characterizing the schooling cycle," Economic Modelling, Elsevier, vol. 132(C).
    45. Diana Alessandrini & Stephen Kosempel & Thanasis Stengos, 2014. "The business cycle human capital accumulation nexus and its effect on hours worked volatility," Working Papers 1407, University of Guelph, Department of Economics and Finance.
    46. Andreu Arenas, Clément Malgouyres, 2018. "Countercyclical School Attainment and Intergenerational Mobility," Working papers 679, Banque de France.
    47. Jones, Larry E. & Manuelli, Rodolfo E., 2005. "Neoclassical Models of Endogenous Growth: The Effects of Fiscal Policy, Innovation and Fluctuations," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 1, pages 13-65, Elsevier.
    48. Dimitrios Varvarigos, 2013. "Endogenous Cycles and Human Capital," Discussion Papers in Economics 13/18, Division of Economics, School of Business, University of Leicester.
    49. Santos, Eleonora & Khan, Shahed, 2018. "Is There an Economic Bias in Academic Success? A Regional Perspective," EconStor Preprints 183220, ZBW - Leibniz Information Centre for Economics.
    50. Francisco Perez-Arce, 2013. "Is A Dream Deferred a Dream Denied? College Enrollment and Time-Varying Opportunity Costs," Working Papers WR-843-1, RAND Corporation.
    51. By Marianne Haraldsvik & Bjarne Strøm, 2022. "Adult skills and labor market conditions during teenage years: cross-country evidence from international surveys [Is post-secondary education a safe port and for whom? Evidence from Canadian data]," Oxford Economic Papers, Oxford University Press, vol. 74(3), pages 894-919.
    52. Bedard, Kelly & Herman, Douglas A., 2008. "Who goes to graduate/professional school? The importance of economic fluctuations, undergraduate field, and ability," Economics of Education Review, Elsevier, vol. 27(2), pages 197-210, April.
    53. Dimitrios Varvarigos, 2017. "Endogenous cycles and human capital," Journal of Economics, Springer, vol. 120(1), pages 31-45, January.
    54. Sara Ayllón & Natalia Nollenberger, 2018. "The unequal opportunity for skills acquisition during the Great Recession in Europe," Working Papers 2018/13, Institut d'Economia de Barcelona (IEB).
    55. Bächli, Mirjam & Tsankova, Teodora, 2020. "Free Movement of Workers and Native Demand for Tertiary Education," Other publications TiSEM 33968781-3521-459e-86c9-f, Tilburg University, School of Economics and Management.
    56. Aitor Lacuesta & Sergio Puente & Ernesto Villanueva, 2020. "The schooling response to a sustained increase in low-skill wages: evidence from Spain 1989–2009," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 11(4), pages 457-499, December.
    57. Dang, Jing & Gillman, Max & Kejak, Michal, 2011. "Real Business Cycles with a Human Capital Investment Sector and Endogenous Growth: Persistence, Volatility and Labor Puzzles," Cardiff Economics Working Papers E2011/8, Cardiff University, Cardiff Business School, Economics Section.
    58. Sievertsen, Hans Henrik, 2016. "Local unemployment and the timing of post-secondary schooling," Economics of Education Review, Elsevier, vol. 50(C), pages 17-28.
    59. Pedro de Araujo & James Murray, 2010. "Estimating the Effects of Dormitory Living on Student Performance," CAEPR Working Papers 2010-002, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    60. Cathy Ning & Stephen Sapp, 2009. "Segmentation across International Equity, Bond, and Foreign Exchange Markets," Working Papers 010, Toronto Metropolitan University, Department of Economics.
    61. Danijela Pantoviæ & Nikola Boškoviæ & Tijana Petroviæ, 2022. "Measuring Convergence in Tourism Competitiveness of Natural and Cultural Resources: A Case of the Balkans and Eastern Europe," Journal of Economics / Ekonomicky casopis, Institute of Economic Research, Slovak Academy of Sciences, vol. 70(9-10), pages 703-722, August.
    62. Elizabeth B. Clelan & Michael S. Kofoed, 2017. "The Effect Of The Business Cycle On Freshman Financial Aid," Contemporary Economic Policy, Western Economic Association International, vol. 35(2), pages 253-268, April.
    63. Ernest Boffy-Ramirez, 2017. "The heterogeneous impacts of business cycles on educational attainment," Education Economics, Taylor & Francis Journals, vol. 25(6), pages 554-561, November.
    64. Bachli, Mirjam & Tsankova, Teodora, 2020. "Free movement of workers and native demand for tertiary education," CAGE Online Working Paper Series 515, Competitive Advantage in the Global Economy (CAGE).
    65. Sakellaris, Plutarchos & Spilimbergo, Antonio, 2000. "Business cycles and investment in human capital: international evidence on higher education," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 52(1), pages 221-256, June.
    66. Summerfield, Fraser, 2014. "Labor Market Conditions, Skill Requirements and Education Mismatch," CLSSRN working papers clsrn_admin-2014-19, Vancouver School of Economics, revised 28 Apr 2014.
    67. Fraser Summerfield & Ioannis Theodossiou, 2017. "The Effects Of Macroeconomic Conditions At Graduation On Overeducation," Economic Inquiry, Western Economic Association International, vol. 55(3), pages 1370-1387, July.
    68. Diana Alessandrini, 2021. "Progressive Taxation and Economic Stability," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(2), pages 422-452, April.
    69. Stratton, Leslie S., 2017. "Housing Prices, Unemployment Rates, Disadvantage, and Progress toward a Degree," IZA Discussion Papers 10941, Institute of Labor Economics (IZA).
    70. Emmanuel Skoufias & Mauricio Santa María & Laura A. Ripani, 2007. "Cyclical Variations in Participation and Employment in Urban Labor Markets: the Case of Colombia and Mexico," Coyuntura Social 12868, Fedesarrollo.
    71. Keith Blackburn & Dimitrios Varvarigos, 2008. "Human capital accumulation and output growth in a stochastic environment," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 36(3), pages 435-452, September.
    72. K Blackburn & D Varvarigos, 2006. "Human Capital Accumulation in a Stochastic Environment: Some New Results on the Relationship Between Growth and Volatility," Centre for Growth and Business Cycle Research Discussion Paper Series 74, Economics, The University of Manchester.
    73. Lorenzo Ductor & Danilo Leiva-Leon, 2015. "Dynamics of Global Business Cycles Interdependence," Working Papers Central Bank of Chile 763, Central Bank of Chile.
    74. Dimitrios Varvarigos, 2006. "On stabilisation policy: Are there conflicting implications for growth and welfare?," Discussion Paper Series 2006_19, Department of Economics, Loughborough University, revised Jul 2006.
    75. Alessandrini, Diana & Milla, Joniada, 2022. "School Choice and Higher Education Attainment," IZA Discussion Papers 15330, Institute of Labor Economics (IZA).
    76. Mindaugas Butkus & Kristina Matuzeviciute & Dovile Rupliene & Janina Seputiene, 2020. "Does Unemployment Responsiveness to Output Change Depend on Age, Gender, Education, and the Phase of the Business Cycle?," Economies, MDPI, vol. 8(4), pages 1-29, November.
    77. Maria Antonella Mancino & Salvador Navarro & David A. Rivers, 2015. "Separating State Dependence, Experience, and Heterogeneity in a Model of Youth Crime and Education," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20151, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
    78. Frederick, Allison B. & Schmidt, Stephen J. & Davis, Lewis S., 2012. "Federal policies, state responses, and community college outcomes: Testing an augmented Bennett hypothesis," Economics of Education Review, Elsevier, vol. 31(6), pages 908-917.
    79. Brunner, Beatrice & Kuhn, Andreas, 2009. "To Shape the Future: How Labor Market Entry Conditions Affect Individuals' Long-Run Wage Profiles," IZA Discussion Papers 4601, Institute of Labor Economics (IZA).
    80. Chrysanthi Balomenou & Konstantinos kolovos, 2013. "Universities' funding in the the current global financial crisis: Threat or opportunity for the implementation of Triple Helix Theory?," ERSA conference papers ersa13p839, European Regional Science Association.
    81. Gregory B. Upton, 2016. "The Effects of Merit-Based Scholarships on Educational Outcomes," Journal of Labor Research, Springer, vol. 37(2), pages 235-261, June.
    82. Francisco Perez-Arce, 2015. "Is a Dream Deferred a Dream Denied? College Enrollment and Time-Varying Opportunity Costs," Journal of Labor Economics, University of Chicago Press, vol. 33(1), pages 33-61.
    83. Egan, Mark L. & Mulligan, Casey B. & Philipson, Tomas J., 2013. "Adjusting Measures of Economic Output for Health: Is the Business Cycle Countercyclical?," Working Papers 246, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    84. Sergio Salas & Kathleen Odell, 2020. "Financial Deepening, Credit Crises, Human Capital and Growth," Working Papers 2020-01, Escuela de Negocios y Economía, Pontificia Universidad Católica de Valparaíso.
    85. Romain Duval & Mehmet Eris & Davide Furceri, 2011. "The Effects of Downturns on Labour Force Participation: Evidence and Causes," OECD Economics Department Working Papers 875, OECD Publishing.
    86. Diana Alessandrini, 2014. "On the Cyclicality of Schooling Decisions: Evidence from Canadian Data," Working Paper series 16_14, Rimini Centre for Economic Analysis.
    87. Hofmann, Barbara & Hohmeyer, Katrin, 2016. "The effect of the business cycle at college graduation on fertility," Economics of Education Review, Elsevier, vol. 55(C), pages 88-102.
    88. Gadi Barlevy, 2004. "On the Timing of Innovation in Stochastic Schumpeterian Growth Models," NBER Working Papers 10741, National Bureau of Economic Research, Inc.
    89. D. R. Hughes & D. T. Mitchell & D. P. Molinari, 2011. "Heeding the call: seminary enrollment and the business cycle," Applied Economics Letters, Taylor & Francis Journals, vol. 18(5), pages 433-437.
    90. Bonacini, Luca, 2020. "Unequal effects of the economic cycle on human capital investment. Evidence from Italian panel data," GLO Discussion Paper Series 733, Global Labor Organization (GLO).
    91. Perli, Roberto & Sakellaris, Plutarchos, 1998. "Human capital formation and business cycle persistence," Journal of Monetary Economics, Elsevier, vol. 42(1), pages 67-92, June.
    92. Stephanie Aaronson & Bruce Fallick & Andrew Figura & Jonathan Pingle & William Wascher, 2006. "The Recent Decline in the Labor Force Participation Rate and Its Implications for Potential Labor Supply," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 37(1), pages 69-154.
    93. Lynda Sanderson, 2024. "Born in bad times: Economic conditions, selection and employment," Working Papers 2024/01, New Zealand Productivity Commission.
    94. Bächli, Mirjam & Teodora Tsankova, 2020. "Free Movement of Workers and Native Demand for Tertiary Education," Economics Working Paper Series 2019, University of St. Gallen, School of Economics and Political Science.
    95. Jiang, Dezhi, 2021. "Whose Investments in Higher Education Have Been Most Influenced by Labor Market Conditions in Recent Decades?," SocArXiv 83upm, Center for Open Science.
    96. Johnson, Matthew T., 2013. "The impact of business cycle fluctuations on graduate school enrollment," Economics of Education Review, Elsevier, vol. 34(C), pages 122-134.
    97. Jennifer Graves & Zoë Kuehn, 2022. "Higher education decisions and macroeconomic conditions at age eighteen," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 13(1), pages 171-241, May.
    98. Noel Gaston & Gulasekaran Rajaguru, 2015. "A Markov-switching structural vector autoregressive model of boom and bust in the Australian labour market," Empirical Economics, Springer, vol. 49(4), pages 1271-1299, December.

Articles

  1. Stelios Giannoulakis & Plutarchos Sakellaris, 2023. "Financial crises, firm‐level shocks and large downturns: Evidence from Greece," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 1549-1562, April.

    Cited by:

    1. Stelios Giannoulakis, 2021. "Uncertainty, firm entry, and investment dynamics," Scottish Journal of Political Economy, Scottish Economic Society, vol. 68(5), pages 623-642, November.

  2. Georgios Bertsatos & Plutarchos Sakellaris & Mike G. Tsionas, 2022. "Correction to: Extensions of the Pesaran, Shin and Smith (2001) bounds testing procedure," Empirical Economics, Springer, vol. 62(2), pages 635-635, February.

    Cited by:

    1. Caravaggio, Nicola & Carnazza, Giovanni, 2022. "The Italian nominal interest rate conundrum: A problem of growth or public finance?," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 313-326.
    2. Bertsatos, Georgios & Tsounis, Nicholas & Agiomirgianakis, George, 2024. "Handling asymmetries in the trade balance," Research in Economics, Elsevier, vol. 78(1), pages 1-13.
    3. Rima Aloulou & Maha Kalai & Kamel Helali, 2023. "The symmetric and asymmetric impacts of external debt on economic growth in Tunisia: evidence from linear and nonlinear ARDL models," SN Business & Economics, Springer, vol. 3(7), pages 1-28, July.

  3. Georgios Bertsatos & Plutarchos Sakellaris & Mike G. Tsionas, 2022. "Extensions of the Pesaran, Shin and Smith (2001) bounds testing procedure," Empirical Economics, Springer, vol. 62(2), pages 605-634, February.

    Cited by:

    1. Caravaggio, Nicola & Carnazza, Giovanni, 2022. "The Italian nominal interest rate conundrum: A problem of growth or public finance?," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 313-326.
    2. Bertsatos, Georgios & Tsounis, Nicholas & Agiomirgianakis, George, 2024. "Handling asymmetries in the trade balance," Research in Economics, Elsevier, vol. 78(1), pages 1-13.
    3. Rima Aloulou & Maha Kalai & Kamel Helali, 2023. "The symmetric and asymmetric impacts of external debt on economic growth in Tunisia: evidence from linear and nonlinear ARDL models," SN Business & Economics, Springer, vol. 3(7), pages 1-28, July.

  4. Fakos, Alexandros & Sakellaris, Plutarchos & Tavares, Tiago, 2022. "Investment slumps during financial crises: The real effects of credit supply," Journal of Financial Economics, Elsevier, vol. 145(1), pages 29-44.

    Cited by:

    1. Mr. Tamon Asonuma & Mr. Marcos d Chamon & Aitor Erce & Akira Sasahara, 2019. "Costs of Sovereign Defaults: Restructuring Strategies, Bank Distress and the Capital Inflow-Credit Channel," IMF Working Papers 2019/069, International Monetary Fund.
    2. Naeem, Muhammad Abubakr & Chatziantoniou, Ioannis & Gabauer, David & Karim, Sitara, 2024. "Measuring the G20 stock market return transmission mechanism: Evidence from the R2 connectedness approach," International Review of Financial Analysis, Elsevier, vol. 91(C).

  5. Moratis, Georgios & Sakellaris, Plutarchos, 2021. "Measuring the systemic importance of banks," Journal of Financial Stability, Elsevier, vol. 54(C).
    See citations under working paper version above.
  6. Bertsatos, Georgios & Sakellaris, Plutarchos & Tsionas, Mike G., 2017. "Did the financial crisis affect the market valuation of large systemic U.S. banks?," Journal of Financial Stability, Elsevier, vol. 32(C), pages 115-123.
    See citations under working paper version above.
  7. Bertsatos, Georgios & Sakellaris, Plutarchos, 2016. "A dynamic model of bank valuation," Economics Letters, Elsevier, vol. 145(C), pages 15-18.

    Cited by:

    1. Georgios Bertsatos & Plutarchos Sakellaris & Mike G. Tsionas, 2022. "Extensions of the Pesaran, Shin and Smith (2001) bounds testing procedure," Empirical Economics, Springer, vol. 62(2), pages 605-634, February.
    2. Georgios Bertsatos & Plutarchos Sakellaris, 2017. "Did the Financial Crisis affect the Market Valuation of Large Systemic U.S. Banks?," Working Papers 201709, Athens University Of Economics and Business, Department of Economics.

  8. Christos Antonopoulos & Plutarchos Sakellaris, 2011. "Estimating computer depreciation using online auction data," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(2), pages 183-204.

    Cited by:

    1. Gretz, Richard T. & Basuroy, Suman, 2013. "Why Quality May Not Always Win: The Impact of Product Generation Life Cycles on Quality and Network Effects in High-tech Markets," Journal of Retailing, Elsevier, vol. 89(3), pages 281-300.

  9. Antonopoulos, Christos & Sakellaris, Plutarchos, 2009. "The contribution of Information and Communication Technology investments to Greek economic growth: An analytical growth accounting framework," Information Economics and Policy, Elsevier, vol. 21(3), pages 171-191, August.

    Cited by:

    1. Nguyen, Canh Phuc & Doytch, Nadia, 2022. "The impact of ICT patents on economic growth: An international evidence," Telecommunications Policy, Elsevier, vol. 46(5).
    2. Habib Ur Rahman & Ghulam Ali & Umer Zaman & Carlo Pugnetti, 2021. "Role of ICT Investment and Diffusion in the Economic Growth: A Threshold Approach for the Empirical Evidence from Pakistan," IJFS, MDPI, vol. 9(1), pages 1-14, March.
    3. Wang, Di & Zhou, Tao & Lan, Feng & Wang, Mengmeng, 2021. "ICT and socio-economic development: Evidence from a spatial panel data analysis in China," Telecommunications Policy, Elsevier, vol. 45(7).
    4. Fabrizio Carmignani & Thomas Mandeville, "undated". "Never been industrialized: a tale of African structural change," MRG Discussion Paper Series 3710, School of Economics, University of Queensland, Australia.
    5. Sepehr Ghazinoory & Amir Khorasani & Ali Asghar Anvari Rostamy & Ghazaleh Taheriattar & Mona Rashidirad, 2016. "Performance appraisals of ICT companies in the Tehran stock market: contradiction with the global trend," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 29(1), pages 529-544, January.
    6. Vu, Khuong M., 2013. "Information and Communication Technology (ICT) and Singapore’s economic growth," Information Economics and Policy, Elsevier, vol. 25(4), pages 284-300.
    7. Di Wang & Jianing Sun & Renhao Yang & Kangchuan Su & Qingyuan Yang, 2024. "ICTs and economic performance nexus: meta-analysis evidence from country-specific data," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.
    8. Charles Shaaba Saba & Nicholas Ngepah, 2022. "Nexus between telecommunication infrastructures, defence and economic growth: a global evidence," Netnomics, Springer, vol. 22(2), pages 139-177, October.
    9. Eleni Laitsou & Antonios Kargas & Dimitrios Varoutas, 2020. "How ICT affects economic growth in the Euro area during the economic crisis," Netnomics, Springer, vol. 21(1), pages 59-81, December.
    10. Jinlin Li & Litai Chen & Ying Chen & Jiawen He, 2022. "Digital economy, technological innovation, and green economic efficiency—Empirical evidence from 277 cities in China," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(3), pages 616-629, April.
    11. Martha Jiménez García, 2019. "The Impact of Information and Communication Technologies on Economic Growth in Mexico," International Journal of Business and Social Research, LAR Center Press, vol. 9(2), pages 11-22, February.
    12. Lyu, Yanwei & Xiao, Xuan & Zhang, Jinning, 2024. "Does the digital economy enhance green total factor productivity in China? The evidence from a national big data comprehensive pilot zone," Structural Change and Economic Dynamics, Elsevier, vol. 69(C), pages 183-196.
    13. Cem Işık, 2013. "The Importance of Creating a Competitive Advantage and Investing in Information Technology for Modern Economies: an ARDL Test Approach from Turkey," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 4(4), pages 387-405, December.

  10. Jess Benhabib & Roberto Perli & Plutarchos Sakellaris, 2006. "Persistence of business cycles in multisector real business cycle models," International Journal of Economic Theory, The International Society for Economic Theory, vol. 2(3‐4), pages 181-197, September.

    Cited by:

    1. Szilard Benk & Tamas Csaba fi & Jing Dang & Max Gillman & Michal Kejak, 2017. "Tuning in RBC Growth Spectra," EcoMod2017 10388, EcoMod.
    2. Kazuo Nishimura & Florian Pelgrin & Alain Venditti, 2023. "Medium term endogenous fluctuations in three-sector optimal growth models," AMSE Working Papers 2235, Aix-Marseille School of Economics, France.
    3. Thomas Y. Mathä & Olivier Pierrard, 2008. "Search in the product market and the real business cycle," BCL working papers 32, Central Bank of Luxembourg.
    4. Barañano Mentxaka, Ilaski & Moral Zuazo, María Paz, 2007. "Consumption-Leisure Trade-offs and Persistency in Business Cycles," BILTOKI 1134-8984, Universidad del País Vasco - Departamento de Economía Aplicada III (Econometría y Estadística).
    5. Kashif Zaheer Malik & Syed Zahid Ali, 2020. "Is the empirical relationship between hours and productivity effected by corporate profits?," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 44(1), pages 99-119, January.
    6. Ben-Gad, Michael, 2012. "The two sector endogenous growth model: An atlas," Journal of Macroeconomics, Elsevier, vol. 34(3), pages 706-722.
    7. Veroude, Alexandra, 2012. "The Role of Mining in an Australian Business Cycle Model," 2012 Conference (56th), February 7-10, 2012, Fremantle, Australia 124473, Australian Agricultural and Resource Economics Society.

  11. Plutarchos Sakellaris & Focco Vijselaar, 2005. "Capital quality improvement and the sources of economic growth in the euro area [‘Decomposing Learning by Doing in New Plants’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 20(42), pages 268-306.

    Cited by:

    1. Peter N. Ireland, 2013. "Stochastic Growth In The United States And Euro Area," Journal of the European Economic Association, European Economic Association, vol. 11(1), pages 1-24, February.
    2. Antonopoulos, Christos & Sakellaris, Plutarchos, 2009. "The contribution of Information and Communication Technology investments to Greek economic growth: An analytical growth accounting framework," Information Economics and Policy, Elsevier, vol. 21(3), pages 171-191, August.
    3. Larissa M. Batrancea, 2023. "The Hard Worker, the Hard Earner, the Young and the Educated: Empirical Study on Economic Growth across 11 CEE Countries," Sustainability, MDPI, vol. 15(22), pages 1-14, November.
    4. Koeniger, Winfried & Leonardi, Marco, 2006. "Capital Deepening and Wage Differentials: Germany vs. US," IZA Discussion Papers 2065, Institute of Labor Economics (IZA).
    5. Alka obadić & Sanja Porić, 2008. "The coordination between education and employment policies," EFZG Working Papers Series 0802, Faculty of Economics and Business, University of Zagreb.

  12. Sakellaris, Plutarchos, 2004. "Patterns of plant adjustment," Journal of Monetary Economics, Elsevier, vol. 51(2), pages 425-450, March.
    See citations under working paper version above.
  13. Plutarchos Sakellaris & Daniel J. Wilson, 2004. "Quantifying Embodied Technological Change," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 7(1), pages 1-26, January.
    See citations under working paper version above.
  14. Harris Dellas & Plutarchos Sakellaris, 2003. "On the cyclicality of schooling: theory and evidence," Oxford Economic Papers, Oxford University Press, vol. 55(1), pages 148-172, January.
    See citations under working paper version above.
  15. Sakellaris, Plutarchos & Spilimbergo, Antonio, 2000. "Business cycles and investment in human capital: international evidence on higher education," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 52(1), pages 221-256, June.
    See citations under working paper version above.
  16. Drazen, Allan & Sakellaris, Plutarchos, 1999. "News About News: Information Arrival and Irreversible Investment," Macroeconomic Dynamics, Cambridge University Press, vol. 3(3), pages 451-462, September.
    See citations under working paper version above.
  17. Steven A. Barnett & Plutarchos Sakellaris, 1999. "A New Look At Firm Market Value, Investment, And Adjustment Costs," The Review of Economics and Statistics, MIT Press, vol. 81(2), pages 250-260, May.

    Cited by:

    1. Merz, Monika & Yashiv, Eran, 2003. "Labor and the Market Value of the Firm," IZA Discussion Papers 965, Institute of Labor Economics (IZA).
    2. Tsoukalas, John, 2009. "Time to Build Capital: Revisiting Investment-Cash Flow Sensitivities," MPRA Paper 25870, University Library of Munich, Germany.
    3. Sarantis Kalyvitis, 2006. "Another look at the linear q model: an empirical analysis of aggregate business capital spending with maintenance expenditures," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 39(4), pages 1282-1315, November.
    4. Claessens, Stijn & Ueda, Kenichi & Yafeh, Yishay, 2014. "Institutions and financial frictions: Estimating with structural restrictions on firm value and investment," Journal of Development Economics, Elsevier, vol. 110(C), pages 107-122.
    5. Adnrew J. Clarke & Alok Johri, 2008. "Pro-cyclical Solow Residuals without Technology Shocks," Department of Economics Working Papers 2008-02, McMaster University.
    6. Del Boca, Alessandra & Galeotti, Marzio & Rota, Paola, 2008. "Non-convexities in the adjustment of different capital inputs: A firm-level investigation," European Economic Review, Elsevier, vol. 52(2), pages 315-337, February.
    7. Russell Cooper & Joao Ejarque, 2003. "Financial Frictions and Investment: Requiem in Q," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(4), pages 710-728, October.
    8. Denny IRAWAN & OKIMOTO Tatsuyoshi, 2021. "How Do ESG Performance and Awareness Affect Firm Value and Corporate Overinvestment?," Discussion papers 21033, Research Institute of Economy, Trade and Industry (RIETI).
    9. Claessens, Stijn & Yafeh, Yishay & Ueda, Kenichi, 2010. "Financial Frictions, Investment, and Institutions," CEPR Discussion Papers 8170, C.E.P.R. Discussion Papers.
    10. Eleni Angelopoulou & Sarantis Kalyvitis, 2012. "Estimating the Euler Equation for Aggregate Investment with Endogenous Capital Depreciation," Southern Economic Journal, John Wiley & Sons, vol. 78(3), pages 1057-1078, January.
    11. Konstantinos Drakos, 2011. "Extent and Intensity of Investment with Multiple Capital Goods," Post-Print hal-00724615, HAL.
    12. Chakrabarti, Avik, 2004. "Asymmetric adjustment costs in simple general equilibrium models," European Economic Review, Elsevier, vol. 48(1), pages 63-73, February.
    13. Russell Cooper & Joao Ejarque, 2000. "Exhuming Q: Market Power vs. Capital Market Imperfections," Econometric Society World Congress 2000 Contributed Papers 0528, Econometric Society.
    14. Belo, Frederico & Gala, Vito D. & Salomao, Juliana & Vitorino, Maria Ana, 2022. "Decomposing firm value," Journal of Financial Economics, Elsevier, vol. 143(2), pages 619-639.
    15. João Ejarque, 2004. "Neoclassical Investment with Moral Hazard," Working Papers w200417, Banco de Portugal, Economics and Research Department.
    16. Christian Bayer, 2004. "On the Interaction of Financial Frictions and Fixed Capital Adjustment Costs: Evidence from a Panel of German Firms," Macroeconomics 0410006, University Library of Munich, Germany.
    17. Bayraktar, Nihal & Sakellaris, Plutarchos & Vermeulen, Philip, 2005. "Real versus financial frictions to capital investment," Working Paper Series 566, European Central Bank.
    18. Bayraktar, Nihal, 2014. "Fixed investment/fundamental sensitivities under financial constraints," Journal of Economics and Business, Elsevier, vol. 75(C), pages 25-59.
    19. Chakrabarti, Avik & Mitra, Rajarshi, 2010. "Skilled-unskilled wage inequality and offshore outsourcing with asymmetric adjustment costs," International Review of Economics & Finance, Elsevier, vol. 19(2), pages 340-345, April.
    20. Jason G. Cummins, 2000. "Taxation and the Sources of Growth: Estimates from U.S. Multinational Corporations," NBER Chapters, in: International Taxation and Multinational Activity, pages 231-264, National Bureau of Economic Research, Inc.
    21. Jinji, Naoto & Zhang, Xingyuan & Haruna, Shoji, 2019. "Does a firm with higher Tobin’s q prefer foreign direct investment to foreign outsourcing?," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).

  18. Perli, Roberto & Sakellaris, Plutarchos, 1998. "Human capital formation and business cycle persistence," Journal of Monetary Economics, Elsevier, vol. 42(1), pages 67-92, June.

    Cited by:

    1. Konstantinos Angelopoulos & James Malley & Apostolis Philippopoulos, 2013. "Human capital, social mobility and the skill premium," Working Papers 2013_10, Business School - Economics, University of Glasgow.
    2. Huffman, Gregory W., 2004. "Propagation through endogenous investment-specific technological change," Economics Letters, Elsevier, vol. 84(2), pages 191-197, August.
    3. Larry Jones & Rodolfo Manuelli & Henry Siu, 2000. "Growth and Business Cycles," NBER Working Papers 7633, National Bureau of Economic Research, Inc.
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  19. Barnett, Steven A. & Sakellaris, Plutarchos, 1998. "Nonlinear response of firm investment to Q:: Testing a model of convex and non-convex adjustment costs1," Journal of Monetary Economics, Elsevier, vol. 42(2), pages 261-288, July.

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    1. Timothy Erickson & Toni M. Whited, 2000. "Measurement Error and the Relationship between Investment and q," Journal of Political Economy, University of Chicago Press, vol. 108(5), pages 1027-1057, October.
    2. Andres Gonzalez & Timo Terasvirta & Dick van Dijk, 2005. "Panel Smooth Transition Regression Models," Research Paper Series 165, Quantitative Finance Research Centre, University of Technology, Sydney.
    3. Görtz, Christoph & Sakellaris, Plutarchos & Tsoukalas, John D., 2023. "Firms’ financing dynamics around lumpy capacity adjustments," European Economic Review, Elsevier, vol. 156(C).
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    5. Jordan Rappaport, 1999. "Why are population flows so persistent?," Research Working Paper RWP 99-13, Federal Reserve Bank of Kansas City.
    6. Oivind A. Nilsen & Kjell G. Salvanes & Fabio Schiantarelli, 2003. "Employment Changes, the Structure of Adjustment Costs, and Plant Size," Boston College Working Papers in Economics 586, Boston College Department of Economics.
    7. Sangeeta Pratap & Silvio Rendon, 2003. "Firm Investment in Imperfect Capital Markets: A Structural Estimation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(3), pages 513-545, July.
    8. Andrea Caggese, 2003. "Testing financing constraints on firm investment using variable capital," Economics Working Papers 1009, Department of Economics and Business, Universitat Pompeu Fabra, revised Aug 2006.
    9. Chen, Haiqiang & Li, Yingxing & Lin, Ming & Zhu, Yanli, 2018. "A Regime Shift Model with Nonparametric Switching Mechanism," IRTG 1792 Discussion Papers 2018-020, Humboldt University of Berlin, International Research Training Group 1792 "High Dimensional Nonstationary Time Series".
    10. Robert S. Chirinko & Huntley Schaller, 2008. "The Irreversibility Premium," CESifo Working Paper Series 2265, CESifo.
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    35. Del Boca, Alessandra & Galeotti, Marzio & Rota, Paola, 2008. "Non-convexities in the adjustment of different capital inputs: A firm-level investigation," European Economic Review, Elsevier, vol. 52(2), pages 315-337, February.
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    38. Claudio Campanale & Gian Luca Clementi & Rui Castro, 2008. "Asset Pricing in a General Equilibrium Production Economy with Chew-Dekel Risk Preferences," Working Papers. Serie AD 2008-14, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    39. Marcel Gérard & Frédéric Verscueren, 2002. "Finance, uncertainty and investment: assessing the gains and losses of a generalized non linear structural approach using Belgian panel data," Working Paper Research 26, National Bank of Belgium.
    40. Mu-Shun Wang, 2013. "Idiosyncratic Volatility and the Expected Stock Returns for Exploring the Relationship with Panel Threshold Regression," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 20(2), pages 113-129, May.
    41. Rappaport, Jordan, 2006. "A bottleneck capital model of development," Journal of Monetary Economics, Elsevier, vol. 53(8), pages 2113-2129, November.
    42. Julian Fennema, 2006. "An Alternative Estimation Framework for Firm-Level Capital Investment," CERT Discussion Papers 0602, Centre for Economic Reform and Transformation, Heriot Watt University.
    43. René Belderbos & Kyoji Fukao & Keiko Ito & Wilko Letterie, 2013. "Global Fixed Capital Investment by Multinational Firms," Economica, London School of Economics and Political Science, vol. 80(318), pages 274-299, April.
    44. Rashid Ameer, 2014. "Financial Constraints, Debt Overhang And Corporate Investment: A Panel Smooth Transition Regression Approach," Asian Academy of Management Journal of Accounting and Finance (AAMJAF), Penerbit Universiti Sains Malaysia, vol. 10(2), pages 55-80.
    45. Lundgren, Tommy & Sjostrom, Magnus, 2001. "A flexible specification of adjustment costs in dynamic factor demand models," Economics Letters, Elsevier, vol. 72(2), pages 145-150, August.
    46. Bustamante, M. Cecilia, 2016. "How Do Frictions Affect Corporate Investment? A Structural Approach," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 51(6), pages 1863-1895, December.
    47. Robert S. Chirinko & Ulf von Kalckreuth, 2003. "On the German Monetary Transmission Mechanism: Interest Rate and Credit Channels for Investment Spending," CESifo Working Paper Series 838, CESifo.
    48. Daniel Wilhelm, 2015. "Identification and estimation of nonparametric panel data regressions with measurement error," CeMMAP working papers 34/15, Institute for Fiscal Studies.
    49. Joseph Shaanan, 2005. "Investment, irreversibility, and options: An empirical framework," Review of Financial Economics, John Wiley & Sons, vol. 14(3-4), pages 241-254.
    50. Konstantinos Drakos & Dimitris Tsouknidis, 2024. "Investment under uncertainty and irreversibility: Evidence from the shipping markets," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(2), pages 2139-2154, April.
    51. Nilsen, Øivind & Salvanes, Kjell G. & Schiantarelli, Fabio, 2000. "Employment Changes, the Structure of Adjustment Costs, and Firms' Size," 10th International Conference on Panel Data, Berlin, July 5-6, 2002 A1-4, International Conferences on Panel Data.
    52. K. Raabe & I. Arnold & C.J.M. Kool, 2006. "Firm Size and Monetary Policy Transmission: A Theoretical Model on the Role of Capital Investment Expenditures," Working Papers 06-14, Utrecht School of Economics.
    53. Gala, Vito D. & Gomes, Joao F. & Liu, Tong, 2020. "Investment without Q," Journal of Monetary Economics, Elsevier, vol. 116(C), pages 266-282.
    54. Sangeeta Pratap, 2001. "Do Adjustment Costs Explain Investment-Cash Flow Insensitivity?," Working Papers 0103, Centro de Investigacion Economica, ITAM.
    55. Curtiss, Jarmila & Latruffe, Laure & Medonos, Tomas & Ratinger, Tomas, 2007. "Investment Activity and Ownership Structure of Czech Corporate Farms," 104th Seminar, September 5-8, 2007, Budapest, Hungary 7826, European Association of Agricultural Economists.
    56. Edward F. Buffie & Manoj Atolia, 2008. "Trade Policy, Poverty, and Development in a Dynamic General Equilibrium Model for Zambia," Working Papers wp2008_11_04, Department of Economics, Florida State University.
    57. Sandra Martina Leitner, 2008. "Interrelatedness, Dynamic Factor Adjustment Patterns and Firm Heterogeneity in Austrian Manufacturing," Economics working papers 2008-03, Department of Economics, Johannes Kepler University Linz, Austria.
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    62. Artur Tarassow, 2015. "Financial Investment Constraints. A Panel Threshold Application to German Firm Level Data," Macroeconomics and Finance Series 201405, University of Hamburg, Department of Socioeconomics.
    63. Lapatinas Athanasios, 2012. "On the Interrelation of Capital and Labor Adjustment Costs at the Firm Level," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 16(3), pages 1-36, September.
    64. Jonathan N. Millar, 2005. "Gestation lags for capital, cash flows, and Tobin's Q," Finance and Economics Discussion Series 2005-24, Board of Governors of the Federal Reserve System (U.S.).
    65. Letterie, Wilko A. & Pfann, Gerard A., 2007. "Structural identification of high and low investment regimes," Journal of Monetary Economics, Elsevier, vol. 54(3), pages 797-819, April.
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    67. Sjöström, Magnus, 2004. "Factor Demand and Market Power," Umeå Economic Studies 633, Umeå University, Department of Economics.
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    70. Corrado Luisa & Holly Sean & Turner Paul, 2002. "Nonlinearities and Inactivity in Aggregate Investment: Some Theoretical Analysis and Time-Series Evidence," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 5(4), pages 1-21, January.
    71. Daniel Wilhelm, 2015. "Identification and estimation of nonparametric panel data regressions with measurement error," CeMMAP working papers CWP34/15, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    72. Wilko Letterie & Gerard A. Pfann & Sher Verick, 2010. "On Lumpiness in the Replacement and Expansion of Capital," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 72(3), pages 263-281, June.
    73. Verick, Sher & Letterie, Wilko & Pfann, Gerard A., 2004. "Non-Linearities in the Expansion of Capital Stock," IZA Discussion Papers 1132, Institute of Labor Economics (IZA).
    74. Shaanan, Joseph, 2005. "Investment, irreversibility, and options: An empirical framework," Review of Financial Economics, Elsevier, vol. 14(3-4), pages 241-254.
    75. Frederico Belo & Chen Xue & Lu Zhang, 2013. "A Supply Approach to Valuation," The Review of Financial Studies, Society for Financial Studies, vol. 26(12), pages 3029-3067.

  20. Sakellaris, Plutarchos, 1997. "Irreversible Capital and the Stock Market Response to Shocks in Profitability," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 38(2), pages 351-379, May.

    Cited by:

    1. Livdan, Dmitry & Nezlobin, Alexander, 2021. "Investment, capital stock, and replacement cost of assets when economic depreciation is non-geometric," Journal of Financial Economics, Elsevier, vol. 142(3), pages 1444-1469.
    2. Jingran Zhu & Qinghua Song & Dalia Streimikiene, 2020. "Multi-Time Scale Spillover Effect of International Oil Price Fluctuation on China’s Stock Markets," Energies, MDPI, vol. 13(18), pages 1-29, September.
    3. Andrew Atkeson & Patrick J. Kehoe, 1997. "Models of energy use: putty-putty vs. putty-clay," Staff Report 230, Federal Reserve Bank of Minneapolis.
    4. Chao Wei, 2003. "Energy, the Stock Market, and the Putty-Clay Investment Model," American Economic Review, American Economic Association, vol. 93(1), pages 311-323, March.
    5. Hamilton, James D., 2003. "What is an oil shock?," Journal of Econometrics, Elsevier, vol. 113(2), pages 363-398, April.
    6. Charles Ka Yui Leung & Nan-Kuang Chen & Chih-Chiang Hsu, 2004. "Structural Break or Asymmetry? An Empirical Study of the Stock Wealth Effect on Consumption," Econometric Society 2004 Far Eastern Meetings 690, Econometric Society.
    7. Puch, Luis A. & Guilló, María D., 2001. "Costly capital reallocation and energy use," UC3M Working papers. Economics we015215, Universidad Carlos III de Madrid. Departamento de Economía.
    8. Hritonenko, Natali & Yatsenko, Yuri, 2012. "Energy substitutability and modernization of energy-consuming technologies," Energy Economics, Elsevier, vol. 34(5), pages 1548-1556.
    9. H. Youn Kim, 2003. "Intertemporal production and asset pricing: a duality approach," Oxford Economic Papers, Oxford University Press, vol. 55(2), pages 344-379, April.
    10. Jinghua Wang & Geoffrey Ngene, 2018. "Symmetric and asymmetric nonlinear causalities between oil prices and the U.S. economic sectors," Review of Quantitative Finance and Accounting, Springer, vol. 51(1), pages 199-218, July.
    11. Barnett, Steven A. & Sakellaris, Plutarchos, 1998. "Nonlinear response of firm investment to Q:: Testing a model of convex and non-convex adjustment costs1," Journal of Monetary Economics, Elsevier, vol. 42(2), pages 261-288, July.
    12. Martino Pelli & Jeanne Tschopp & Natalia Bezmaternykh & Kodjovi M Eklou, 2020. "In the Eye of the Storm: Firms, Putty-Clay and Capital Destruction," Diskussionsschriften dp2012, Universitaet Bern, Departement Volkswirtschaft.
    13. Virjinia Jeliazkova, 2010. "Effects of the Dynamics of the Oil Price – Theoretical and Empirical Bases," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 127-165.

  21. Sakellaris, Plutarchos, 1995. "Investment under Uncertain Market Conditions," The Review of Economics and Statistics, MIT Press, vol. 77(3), pages 455-469, August.

    Cited by:

    1. Natali Hritonenko & Yuri Yatsenko, 2008. "From Linear to Nonlinear Utility in Vintage Capital Models," Mathematical Population Studies, Taylor & Francis Journals, vol. 15(4), pages 230-248.
    2. Goetz, Renan-Ulrich & Hritonenko, Natali & Yatsenko, Yuri, 2008. "The optimal economic lifetime of vintage capital in the presence of operating costs, technological progress, and learning," Journal of Economic Dynamics and Control, Elsevier, vol. 32(9), pages 3032-3053, September.
    3. Independent Evaluation Group, 2006. "Improving Investment Climates : An Evaluation of World Bank Group Assistance," World Bank Publications - Books, The World Bank Group, number 7000.
    4. Yu. Yatsenko & N. Hritonenko, 2007. "Network economics and optimal replacement of age-structured IT capital," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 65(3), pages 483-497, June.
    5. Natali Hritonenko & Yuri Yatsenko, 2010. "Age-Structured PDEs in Economics, Ecology, and Demography: Optimal Control and Sustainability," Mathematical Population Studies, Taylor & Francis Journals, vol. 17(4), pages 191-214.

  22. Sakellaris, Plutarchos, 1994. "A Note on Competitive Investment under Uncertainty: Comment," American Economic Review, American Economic Association, vol. 84(4), pages 1107-1112, September.

    Cited by:

    1. Elena Bontempi & Roberto Golinelli & Giuseppe Parigi, 2007. "Why demand uncertainty curbs investment: Evidence froma a panel of Italian manufacturing firms," Temi di discussione (Economic working papers) 621, Bank of Italy, Economic Research and International Relations Area.
    2. Hanno Dihle, 2015. "Real Options in a Ramsey style Growth Model," Discussion Paper Series 32, Department of International Economic Policy, University of Freiburg, revised Dec 2015.
    3. Lee, J. & Shin, K., 1996. "The Role of a Variable Input in the Relationship Between Investment and Uncertainty," Papers 96-97-08, California Irvine - School of Social Sciences.
    4. Li, Guangzhong & Li, Jie & Wu, Yangru, 2019. "Exchange rate uncertainty and firm-level investment: Finding the Hartman–Abel effect," Journal of Comparative Economics, Elsevier, vol. 47(2), pages 441-457.
    5. George Dikos & Dimitrios Thomakos, 2012. "Econometric testing of the real option hypothesis: evidence from investment in oil tankers," Empirical Economics, Springer, vol. 42(1), pages 121-145, February.
    6. Jeon, Haejun & Cui, Xue & Zhang, Chuanqian, 2023. "The effects of labor choice on investment and output dynamics," Journal of Corporate Finance, Elsevier, vol. 83(C).
    7. Curtiss, Jarmila & Latruffe, Laure & Medonos, Tomas & Ratinger, Tomas, 2007. "Investment Activity and Ownership Structure of Czech Corporate Farms," 104th Seminar, September 5-8, 2007, Budapest, Hungary 7826, European Association of Agricultural Economists.
    8. Nicolas Bloom, 2000. "The dynamic effects of real options and irreversibility on investment and labour demand," IFS Working Papers W00/15, Institute for Fiscal Studies.

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