DISPLACED CAPITAL : A Study of Aerospace Plant Closings

  title={DISPLACED CAPITAL : A Study of Aerospace Plant Closings},
  author={Valerie A. Ramey},
  • Valerie A. Ramey
  • Published 2000
Using equipment-level data from aerospace plants that closed during the 1990s, this paper studies the process of moving installed physical capital to a new use. The analysis yields three results that suggest significant sectoral specificity of physical capital and substantial costs of redeploying the capital. First, other aerospace companies are… CONTINUE READING

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