Investment and Value: A Neoclassical Benchmark
---- Acknowledgements -----
We thank Nick Bloom for helpful discussions on the estimation algorithm, Damba Lkhagvasuren for providing us with one of the algorithms used in the paper, and Caroline Sasseville and Niels Schuehle for research assistance. We also thank Bob King and Martin Eichenbaum for their comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.