Investment Behavior of U.S. Firms Over Heterogeneous Capital Goods: A Snapshot

FRB of San Francisco Working Paper No. 2004-21

22 Pages Posted: 19 Jan 2005

See all articles by Daniel J. Wilson

Daniel J. Wilson

Federal Reserve Bank of San Francisco

Multiple version iconThere are 2 versions of this paper

Date Written: October 2004

Abstract

The 1998 Annual Capital Expenditure Survey (ACES) provides information on disaggregate investment across a wide range of detailed asset types for a representative sample of roughly 30,000 firms. These rich data on disaggregate investment provides us with a point-in-time snapshot of investment composition choices at the firm level. This short paper uses this data to establish a number of stylized facts about disaggregate investment behavior, with a special focus on information technology.

Keywords: Capital Heterogeneity, Investment

JEL Classification: D21, D24, D29

Suggested Citation

Wilson, Daniel J., Investment Behavior of U.S. Firms Over Heterogeneous Capital Goods: A Snapshot (October 2004). FRB of San Francisco Working Paper No. 2004-21. Available at SSRN: https://ssrn.com/abstract=650905 or http://dx.doi.org/10.2139/ssrn.650905

Daniel J. Wilson (Contact Author)

Federal Reserve Bank of San Francisco ( email )

101 Market Street
Mail Stop 1130
San Francisco, CA 94105
United States

HOME PAGE: http://www.frbsf.org/economics/economists/dwilson.html

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