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Time-To-Build
Interrelated Investment And Labour Demand Modelling With Applications To Six Oecd Countries
- Editore:
Springer Berlin Heidelberg
- EAN:
9783540588092
- ISBN:
3540588094
- Pagine:
- 220
- Formato:
- Paperback
- Lingua:
- Tedesco
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Descrizione Time-To-Build
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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