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Time-To-Build

Time-To-Build

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9783540588092
Condition
New
Product Description

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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