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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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