Time-to-build and the capital structure

Bambi, M.

doi:10.1016/j.econlet.2015.11.012

Time-to-build and the capital structure

Bambi, M.

Authors

Dr Mauro Bambi mauro.bambi@durham.ac.uk
Associate Professor

Abstract

Calibrating the time-to-build parameter in one-sector models is non-trivial because capital includes plant, equipment, etc. having different gestation lags. This issue is clarified by explaining when the long-run dynamics of these models matches that of a more realistic multi-sector counterpart.

Citation

Bambi, M. (2015). Time-to-build and the capital structure. Economics Letters, 137, 222-225. https://doi.org/10.1016/j.econlet.2015.11.012

Journal Article Type	Article
Acceptance Date	Nov 8, 2015
Online Publication Date	Nov 14, 2015
Publication Date	Nov 14, 2015
Deposit Date	Aug 2, 2018
Publicly Available Date	Sep 21, 2018
Journal	Economics Letters
Print ISSN	0165-1765
Publisher	Elsevier
Peer Reviewed	Peer Reviewed
Volume	137
Pages	222-225
DOI	https://doi.org/10.1016/j.econlet.2015.11.012
Public URL	https://durham-repository.worktribe.com/output/1324699
Related Public URLs	http://eprints.whiterose.ac.uk/91930/

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Publisher Licence URL
http://creativecommons.org/licenses/by-nc-nd/4.0/

Copyright Statement
© 2015 This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/