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Time-To-Build
Marga Peeters
其他書名
Interrelated Investment and Labour Demand Modelling With Applications to Six OECD Countries
出版Springer Science & Business Media, 2012-12-06
主題Business & Economics / Economics / TheoryPolitical Science / Public Policy / Social PolicyBusiness & Economics / Economics / GeneralPolitical Science / Public Policy / Economic Policy
ISBN36424681529783642468155
URLhttp://books.google.com.hk/books?id=GurvCAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋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.