Dynamic Factor Demand in a Rationing Context - Couverture souple

Smolny, Dr. Werner

 
9783790807127: Dynamic Factor Demand in a Rationing Context
Couverture souple
ISBN 10 : 3790807125 ISBN 13 : 9783790807127
Editeur : Springer, 1993

Synopsis

A macroeconomic disequilibrium model is developed for the Federal Republic of Germany. Starting with a microeconomic model of firm's behaviour, the optimal dynamic adjustment of employment and investment is derived. The model of the firm is complemented by an explicite aggregation procedure which allows to derive macroeconomic relations. The model is estimated with macroeconomic data for the Federal Republic of Germany. An important feature is the consistent introduction of dynamic adjustment into a model of the firm. A new method is the particular approach of a delayed adjustment of employment and investment. The estimation results show significant underutilizations of labour and capital and indicate the importance of supply constraints for imports and exports. As the most prominent result, they reveal the importance of the slow adjustment of employment and investment for the macroeconomic situation in Germany and especially for the persistence of high unemployment in the eighties.

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Éditeur
Springer
Date d'édition
1993
Langue
anglais
ISBN 10 
3790807125
ISBN 13 
9783790807127
Reliure
Broché
Nombre de pages
252
Coordonnées du fabricant
non disponible
Personne responsable
CMN Printpool Inh. Mathis Neumann
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Autres éditions populaires du même titre

9780387914589: Dynamic Factor Demand in a Rationing Context: Theory and Estimation of a MacRoeconomic Disequilibrium Model for the Federal Republic of Germany

Edition présentée

ISBN 10 :  0387914587 ISBN 13 :  9780387914589
Editeur : Springer Verlag, 1993
Couverture souple