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Time-To-Build. Interrelated Investment and Labour Demand Modelling with Applications to Six OECD Countries.
・ISBN 978-3-540-58809-2 soft EUR 49.99
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| 著者・編者 | Peeters, M., |
|---|---|
| シリーズ | Lecture Notes in Economics and Mathematical Systems 420 |
| 出版社 | (Springer, GW) |
| 出版年月 | 1995 |
| ページ数 | 204 pp. |
| 言語 | ENG |
| ニュース番号 | ＜409-297 000-10763＞ |
解説
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.