The Capital Goods Industry

Harland Wm. Whitmore

Chapter 6 in The World Economy, Population Growth, and the Global Ecosystem, 2007, pp 77-96 from Palgrave Macmillan

Abstract: Abstract At the beginning of the current period, an initial stock of physical capital, Kkt, is held by the capital goods industry. Let K k d (t+1) represent the capital goods industry’s desired stock of capital for the end of the current period, which is determined in accordance with its objective to maximize the present value of its operations.

Keywords: Physical Capital; Demand Curve; Current Period; Capital Good; Current Production (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-60730-9_6

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DOI: 10.1057/9780230607309_6

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