Time-to-build and the capital structure

Mauro Bambi ()

Economics Letters, 2015, vol. 137, issue C, 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.

Keywords: Heterogeneous time-to-builds; Long-run dynamics; Ramsey and AK model (search for similar items in EconPapers)
JEL-codes: E1 E22 O40 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176515004681
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:137:y:2015:i:c:p:222-225

DOI: 10.1016/j.econlet.2015.11.012

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().