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Time-To-Build
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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.
- Undertitel
- Interrelated Investment and Labour Demand Modelling With Applications to Six OECD Countries
- Författare
- Marga Peeters
- ISBN
- 9783642468155
- Språk
- Engelska
- Utgivningsdatum
- 2012-12-06
- Tillgängliga elektroniska format
- PDF - Adobe DRM
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