0 to sell your shares in a company or to stop taking part in a business activity
1 to stop investing in a company, industry, or country, or reduce the amount invested:
Sectors that wish to disinvest, but cannot because of the irreversibility constraint, would have a below-average marginal productivity of capital.
Only then is there scope to address how ineffective practices can be disinvested.
The rise in total investment in the model with irreversible investment is thus due to the inability to disinvest in the low-productivity sector.
This factor represented the overall economic disadvantage experienced in neighborhoods that are disinvested and have high joblessness and one-parent families.
We speculate that this limitation in capacity is, at least in part, a result of methodological, as well as political and professional complexities associated with disinvesting existing practices.
The effect of past "investment" cannot produce that level of productivity increase, given that companies have been disinvesting on a large scale.
That was not surprising because during the previous 12 to 24 months the company had been disinvesting from its bus and coach fleet.
Many people in that position have a considerable amount of investment, which is of no value to them for taxation purposes unless they disinvest.
