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
Cataloged from PDF version of article.Cobb–Douglas type production functions and time-delay are not ...
This article aims at analysing a two-sector economic growth model with discrete delays. The focus i...
We develop a dynamic investment options model with optimal capital structure and evaluate the effect...
Discrete-time and continuous-time models with time to build do not possess the same dimension. In th...
This paper characterizes the behavior of investment expenditures, optimal capital stocks, and real i...
Investment models typically assume that newly-purchased capital goods join the productive capital st...
A large body of empirical work has established the significance of cash flow in explain- ing investm...
"Time-to-build" models of investment expenditures play an important role in many traditional and mod...
In this paper the dynamic programming approach is exploited in order to identify the closed loop pol...
In this paper, a continuous time AK model is fully analyzed under the time-to-build assumption. The ...
In this paper, a continuous time AK model is fully analyzed under the time-to-build as-sumption. Exi...
Following Diamond (1965), most authors assume that "capital argument of the production function...
A large body of empirical work has established the significance of cash flow in explaining investmen...
A large body of empirical work has established the significance of cash flow in explain-ing investme...
The timing of investment and capital stock accumulation can differ as a result of time-to-build or d...
Cataloged from PDF version of article.Cobb–Douglas type production functions and time-delay are not ...
This article aims at analysing a two-sector economic growth model with discrete delays. The focus i...
We develop a dynamic investment options model with optimal capital structure and evaluate the effect...
Discrete-time and continuous-time models with time to build do not possess the same dimension. In th...
This paper characterizes the behavior of investment expenditures, optimal capital stocks, and real i...
Investment models typically assume that newly-purchased capital goods join the productive capital st...
A large body of empirical work has established the significance of cash flow in explain- ing investm...
"Time-to-build" models of investment expenditures play an important role in many traditional and mod...
In this paper the dynamic programming approach is exploited in order to identify the closed loop pol...
In this paper, a continuous time AK model is fully analyzed under the time-to-build assumption. The ...
In this paper, a continuous time AK model is fully analyzed under the time-to-build as-sumption. Exi...
Following Diamond (1965), most authors assume that "capital argument of the production function...
A large body of empirical work has established the significance of cash flow in explaining investmen...
A large body of empirical work has established the significance of cash flow in explain-ing investme...
The timing of investment and capital stock accumulation can differ as a result of time-to-build or d...
Cataloged from PDF version of article.Cobb–Douglas type production functions and time-delay are not ...
This article aims at analysing a two-sector economic growth model with discrete delays. The focus i...
We develop a dynamic investment options model with optimal capital structure and evaluate the effect...