Time-to-build and the capital structure

Bambi, M.

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.

Citation

Bambi, M. (2015). Time-to-build and the capital structure. Economics Letters, 137, 222-225. https://doi.org/10.1016/j.econlet.2015.11.012

• Journal Article Type: Article
• Acceptance Date: Nov 8, 2015
• Online Publication Date: Nov 14, 2015
• Publication Date: Nov 14, 2015
• Deposit Date: Aug 2, 2018
• Publicly Available Date: Sep 21, 2018
• Journal: Economics Letters
• Print ISSN: 0165-1765
• Electronic ISSN: 1873-7374
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 137
• Pages: 222-225
• DOI: https://doi.org/10.1016/j.econlet.2015.11.012
• Public URL: https://durham-repository.worktribe.com/output/1324699
• Related Public URLs: http://eprints.whiterose.ac.uk/91930/