Bambi, M. (2015) 'Time-to-build and the capital structure.', Economics letters., 137 . pp. 222-225.
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.
| Item Type: | Article |
|---|---|
| Full text: | (AM) Accepted Manuscript Available under License - Creative Commons Attribution Non-commercial No Derivatives. Download PDF (196Kb) |
| Status: | Peer-reviewed |
| Publisher Web site: | https://doi.org/10.1016/j.econlet.2015.11.012 |
| Publisher 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/ |
| 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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