Time-to-Build Interrelated Investment and Labour Demand Modelling with Applications to Six OECD Countries |
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| Author:
| Peeters, Marga |
| Series title: | Lecture Notes in Economics and Mathematical Systems Ser. |
| ISBN: | 978-3-540-58809-2 |
| Publication Date: | Jan 1995 |
| Publisher: | Springer
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| Book Format: | Paperback |
| List Price: | AUD $240.95 |
Book Description:
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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.
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.