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Sectoral Fluctuations in U.K. Firms' Investment Expenditures

Author

Listed:
  • Christopher F. Baum

    (Boston College
    DIW Berlin)

  • Mustafa Caglayan

    (University of Sheffield)

  • Neslihan Ozkan

    (University of Bristol)

Abstract

In this paper, employing VAR and factor analytic models with quarterly U.K. sectoral business investment data, we show that both common and sector--specific shocks play important roles in explaining business investment fluctuations.

Suggested Citation

  • Christopher F. Baum & Mustafa Caglayan & Neslihan Ozkan, 2002. "Sectoral Fluctuations in U.K. Firms' Investment Expenditures," Boston College Working Papers in Economics 520, Boston College Department of Economics, revised 15 Jun 2003.
    • Handle: RePEc:boc:bocoec:520
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    References listed on IDEAS

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    1. repec:ebl:ecbull:v:12:y:2008:i:35:p:1-8 is not listed on IDEAS
    2. Gallegati, M. & Palestrini, A., 2010. "The complex behavior of firms' size dynamics," Journal of Economic Behavior & Organization, Elsevier, vol. 75(1), pages 69-76, July.

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    More about this item

    Keywords

    investment; sectoral behavior; VAR; Factor analysis;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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