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Více informací o knize Dynamic Factor Demand in a Rationing Context

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Anotace knihy

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.

Parametry knihy

Zařazení knihy Knihy v angličtině Economics, finance, business & management Economics Econometrics

• Plný název: Dynamic Factor Demand in a Rationing Context
• Podnázev: Theory and Estimation of a Macroeconomic Disequilibrium Model for the Federal Republic of Germany
• Autor: Werner Smolny
• Jazyk: Angličtina
• Vazba: Brožovaná
• Počet stran: 242
• EAN: 9783790807127
• ISBN: 3790807125
• ID: 05291539
• Nakladatelství: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
• Hmotnost: 395 g
• Rozměry: 235 × 155 × 16 mm
• Datum vydání: 30. September 1993

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