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Time-to-build and the capital structure.

Bambi, M. (2015) 'Time-to-build and the capital structure.', Economics letters., 137 . pp. 222-225.


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.

Item Type:Article
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Available under License - Creative Commons Attribution Non-commercial No Derivatives.
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Publisher statement:© 2015 This manuscript version is made available under the CC-BY-NC-ND 4.0 license
Date accepted:08 November 2015
Date deposited:21 September 2018
Date of first online publication:14 November 2015
Date first made open access:No date available

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