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Dynamic Factor Demand in a Rationing Context
Werner Smolny
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Description for Dynamic Factor Demand in a Rationing Context
Paperback. This treatise develops a macroeconomic disequilibrium model of the Federal Republic of Germany. The estimation results show the significant underutilization of labour, and indicate the importance of supply constraints for imports and exports. Series: Studies in Contemporary Economics. Num Pages: 242 pages, 20 black & white tables, biography. BIC Classification: 1DFG; KCB; KCH. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 235 x 155 x 13. Weight in Grams: 395.
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 ... Read more
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 ... Read more
Product Details
Format
Paperback
Publication date
1993
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
242
Condition
New
Series
Studies in Contemporary Economics
Number of Pages
242
Place of Publication
Heidelberg, Germany
ISBN
9783790807127
SKU
V9783790807127
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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