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Time-To-Build: Interrelated Investment and Labour Demand Modelling With Applications to Six O.E.C.D. Countries (Lecture Notes in Economics and Mathematical Systems, Band 420) - Softcover

Peeters, Marga

 
9783540588092: Time-To-Build: Interrelated Investment and Labour Demand Modelling With Applications to Six O.E.C.D. Countries (Lecture Notes in Economics and Mathematical Systems, Band 420)

Inhaltsangabe

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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