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.
|Full text:||(AM) Accepted Manuscript|
Available under License - Creative Commons Attribution Non-commercial No Derivatives.
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|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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