Browsing ECO Working Papers by Author "NIREI, Makoto"

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Title: Detecting Propagation Effects by Observing Aggregate Distributions: The Case of Lumpy Investments Author(s): GUISO, Luigi; LAI, Chaoqun; NIREI, Makoto Date: 2011-01-01 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: By using an extensive panel data set of Italian firms, we show empirically that the fraction of firms that engage in a lumpy investment follows a non-normal, double-exponential distribution across region-year. We propose ...

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