Dynamic Factor Demand in a Rationing Context

Language: English

Published by Physica Sep 1993, 1993

3790807125 / 9783790807127

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This item is printed on demand - Print on Demand Titel. Neuware -A macroeconomic disequilibrium model is developed for theFederal Republic of Germany. Starting with a microeconomicmodel of firm's behaviour, the optimal dynamic adjustment ofemployment and investment is derived. The model of the firmis complemented by an explicite aggregation procedure whichallows to derive macroeconomic relations. The model isestimated with macroeconomic data for the Federal Republicof Germany.An important feature is the consistent introduction ofdynamic adjustment into a model of the firm. A new method isthe particular approach of a delayed adjustment ofemployment and investment.The estimation results show significant underutilizations oflabour and capital and indicate the importance of supplyconstraints for imports and exports. As the most prominentresult, they reveal the importance of the slow adjustment ofemployment and investment for the macroeconomic situation inGermany and especially for the persistence of highunemployment in the eighties.Physica Verlag, Tiergartenstr. 17, 69121 Heidelberg 252 pp. Englisch.…

Seller Inventory # 9783790807127

Title
Dynamic Factor Demand in a Rationing Context
Author
Werner Smolny
Publisher
Physica Sep 1993
Publication year
1993
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3790807125
ISBN 13
9783790807127
Item weight
388 grams
Dimensions
235x155x14 mm

buchversandmimpf2000

Emtmannsberg, BAYE, Germany

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