Expectations and adjustment dynamics in the specific-factors model: Correction and extension
Max Albert
No 246, Discussion Papers, Series II from University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy"
Abstract:
This paper corrects the analysis, presented in Albert and Meckl (1991), of adjustment in a dynamic specific-factors model with endogenous capital stocks, and extends it to a multi-sector setup.
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:kondp2:246
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