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time-to-build: interrelated investment and labour demand modelling with applications to six oecd countries (in English)
Marga Peeters
(Author)
·
Springer
· Paperback
time-to-build: interrelated investment and labour demand modelling with applications to six oecd countries (in English) - Peeters, Marga
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Synopsis "time-to-build: interrelated investment and labour demand modelling with applications to six oecd countries (in English)"
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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The book is written in English.
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