Lecture Notes in Economics and Mathematical Systems: Interrelated Investment and Labour Demand Modelling With Applications to Six OECD Countries

Peeters, Marga

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.

Details

Published by: Springer

Publication Date: 1995-02-17

Format: Paperback

ISBN-13: 9783540588092

DOI: 10.1007/978-3-642-46815-5

Dimensions: 235cm x155cm

Pages: 204