Title: Time-To-Build: Interrelated Investment and Labour Demand Modelling With Applications to Six OECD Countries (Lecture Notes in Economics and Mathematical Systems, 420)
Publisher: Springer
Publication Date: 1995
Language: English
ISBN 10: 3540588094
ISBN 13: 9783540588092
Binding: Soft cover
Condition: New
Weight: 436 grams

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Synopsis

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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