Time-To-Build : Interrelated Investment and Labour Demand Modelling With Applications to Six OECD Countries /
As large physical capital stock projects need long periods to be built, a time-to-build specification is incorporated in factor demand models. Time-to-build and adjustment costs dynamics are identified since by the first moving average dynamics, whereas by the latter autoregressive dynamics are indu...
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| Format: | eBook |
| Language: | English |
| Published: |
Berlin, Heidelberg :
Springer Berlin Heidelberg,
1995.
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| Series: | Lecture notes in economics and mathematical systems ;
420. |
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | As large physical capital stock projects need long periods to be built, a time-to-build specification is incorporated in factor demand models. Time-to-build and adjustment costs dynamics are identified since by the first moving average dynamics, whereas by the latter autoregressive dynamics are induced. Empirical evidence for time-to-build is obtained from data from the Dutch construction industry and by the estimation result from the manufacturing industry of six OECD countries. |
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| Item Description: | Electronic resource. |
| Physical Description: | 1 online resource (ix, 204 pages) |
| ISBN: | 9783642468155 (electronic bk.) 3642468152 (electronic bk.) |
| ISSN: | 0075-8442 ; |