An inference about the length of the time-to-build period

Yong-Gook Jung

Economic Modelling, 2013, vol. 33, issue C, 42-54

Abstract: This study attempts to infer the length of aggregate time-to-build period by estimating DSGE models with different investment lags and comparing their fits to the data. The models considered in this study use two, four, six, and eight quarters of investment lags. The Bayesian estimation result indicates that the model with six quarters of investment lags fits the data significantly better than the others.

Keywords: Time-to-build; DSGE model; Bayesian estimation (search for similar items in EconPapers)
JEL-codes: C51 E22 E32 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:33:y:2013:i:c:p:42-54

DOI: 10.1016/j.econmod.2013.03.009

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