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Dynamic Factor Demand in a Rationing Context: Theory and Estimation of a Macroeconomic Disequilibrium Model for the Federal Republic of Germany (Studies in Contemporary Economics) - Softcover
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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.
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A macroeconomic disequilibrium model is developed for the Federal Republic of Germany. Starting with a microeconomic model of firm's behaviour, the optimal dynamic adjustment of employment and investment is derived. The model of the firm is complemented by an explicite aggregation procedure which allows to derive macroeconomic relations. The model is estimated with macroeconomic data for the Federal Republic of Germany. An important feature is the consistent introduction of dynamic adjustment into a model of the firm. A new method is the particular approach of a delayed adjustment of employment and investment. The estimation results show significant underutilizations of labour and capital and indicate the importance of supply constraints for imports and exports. As the most prominent result, they reveal the importance of the slow adjustment of employment and investment for the macroeconomic situation in Germany and especially for the persistence of high unemployment in the eighties.
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Dynamic Factor Demand in a Rationing Context
Verlag:
Physica-Verlag HD, 1993
ISBN 10: 3790807125
ISBN 13: 9783790807127
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Kartoniert / Broschiert. Zustand: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. 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. Bestandsnummer des Verkäufers 5309818
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Dynamic Factor Demand in a Rationing Context
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Taschenbuch. Zustand: Neu. 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. Bestandsnummer des Verkäufers 9783790807127
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Dynamic Factor Demand in a Rationing Context : Theory and Estimation of a Macroeconomic Disequilibrium Model for the Federal Republic of Germany
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Taschenbuch. Zustand: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - 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. Bestandsnummer des Verkäufers 9783790807127
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Dynamic Factor Demand in a Rationing Context
Verlag:
Physica-Verlag, Physica-Verlag HD, Physica Sep 1993, 1993
ISBN 10: 3790807125
ISBN 13: 9783790807127
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Taschenbuch
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Taschenbuch. Zustand: Neu. This item is printed on demand - it takes 3-4 days longer - 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. 242 pp. Englisch. Bestandsnummer des Verkäufers 9783790807127
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Dynamic Factor Demand in a Rationing Context : Theory and Estimation of a Macroeconomic Disequilibrium Model for the Federal Republic of Germany
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Dynamic Factor Demand in a Rationing Context: Theory and Estimation of a Macroeconomic Disequilibrium Model for the Federal Republic of Germany (Studies in Contemporary Economics)
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Dynamic Factor Demand in a Rationing Context: Theory and Estimation of a Macroeconomic Disequilibrium Model for the Federal Republic of Germany (Studies in Contemporary Economics)
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Dynamic Factor Demand in a Rationing Context : Theory and Estimation of a Macroeconomic Disequilibrium Model for the Federal Republic of Germany
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Dynamic Factor Demand in a Rationing Context
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Zustand: New. pp. 252. Bestandsnummer des Verkäufers 2658571835
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Dynamic Factor Demand in a Rationing Context
Verlag:
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, 1993
ISBN 10: 3790807125
ISBN 13: 9783790807127
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Softcover
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Zustand: New. This treatise develops a macroeconomic disequilibrium model of the Federal Republic of Germany. The estimation results show the significant underutilization of labour, and indicate the importance of supply constraints for imports and exports. Series: Studies in Contemporary Economics. Num Pages: 242 pages, 20 black & white tables, biography. BIC Classification: 1DFG; KCB; KCH. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 235 x 155 x 13. Weight in Grams: 395. . 1993. Softcover reprint of the original 1st ed. 1993. Paperback. . . . . Bestandsnummer des Verkäufers V9783790807127
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