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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.
Autorius: | Marga Peeters |
Serija: | Lecture Notes in Economics and Mathematical Systems |
Leidėjas: | Springer Berlin Heidelberg |
Išleidimo metai: | 1995 |
Knygos puslapių skaičius: | 220 |
ISBN-10: | 3540588094 |
ISBN-13: | 9783540588092 |
Formatas: | 235 x 155 x 13 mm. Knyga minkštu viršeliu |
Kalba: | Anglų |
Parašykite atsiliepimą apie „Time-To-Build: Interrelated Investment and Labour Demand Modelling With Applications to Six OECD Countries“