Download Time-to-Build : Interrelated Investment and Labour Demand Modelling with Applications to Six OECD Countries – Marga Peeters pdf
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.
Author: Marga Peeters
Pages: 213 pages
Size: 27.02 Mb