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Time-To-Build

Interrelated Investment and Labour Demand Modelling With Applications to Six OECD Countries

  • Book
  • © 1995

Overview

Authors:
  1. Marga Peeters

    1. Weert, The Netherlands

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Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 420)

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Table of contents (7 chapters)

  1. Front Matter

    Pages I-IX
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  2. Overview

    • Marga Peeters
    Pages 1-7

  3. Physical Capital Stock Investments and Labour Demand

    • Marga Peeters
    Pages 9-34

  4. Investment Gestation Lags

    • Marga Peeters
    Pages 35-51

  5. A Closed Form Solution for a Model with Time-to-Build and Adjustment Costs

    • Marga Peeters
    Pages 53-102

  6. Persistence, Asymmetries and Interrelation in Manufacturing Structures, Equipment and Labour Demand

    • Marga Peeters
    Pages 103-140

  7. Interrelations in Physical Capital Stock, Labour and Inventory Investments

    • Marga Peeters
    Pages 141-169

  8. Summary, Conclusions and Shortcomings

    • Marga Peeters
    Pages 171-182

  9. Back Matter

    Pages 183-206
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Keywords

About this book

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.

Authors and Affiliations

  • Weert, The Netherlands

    Marga Peeters

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