Sectoral Fluctuations in U.K. Firms' Investment Expenditures
Baum, Christopher, Mustafa Caglayan, and Neslihan Ozkan. “Sectoral Fluctuations in U.K. Firms' Investment Expenditures”. Boston College Working Papers in Economics 520, 2002.
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.