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Author : J. M. G. Frijns
Publisher :
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4.:/5 (246 download)
Download or read book A Dynamic Model of Factor Demand Equations written by J. M. G. Frijns and published by . This book was released on 1976 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : P. Artus
Publisher : Elsevier
ISBN 13 : 1483295338
Total Pages : 319 pages
Book Rating : 4.4/5 (832 download)
Download or read book Investment and Factor Demand written by P. Artus and published by Elsevier. This book was released on 2016-05-07 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first part of the book presents the estimation of traditional models of investment, their interpretation in the light of the disequilibrium theory and their use in evaluating the economic policies implemented during the seventies. The issue of the best representation of the production technology is also addressed. The second part analyses the interdependance of the decisions of investment, employment and consumption of raw materials using simultaneous estimations of factor demand equations, as well as the dynamic adjustment costs firms are facing. The last section illustrates the most recent theories and econometric methods: investment models with several regimes taking into account sales, employment and financing constraints, and the introduction of the uncertainty on future sales.
Author : Robert S. Pindyck
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 (9 download)
Download or read book Dynamic Factor Demands Under Rational Expectations written by Robert S. Pindyck and published by . This book was released on 1982 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a dynamic model of the industrial demands for structures, equipment, and blue- and white-collar labor. Our approach is consistent with producers holding rational expectations and optimizing dynamically in the presence of adjustment costs, yet it permits generality of functional form regarding the technology. We represent the technology by atranslog input requirement function that specifies the amount of blue-collar labor (a flexible factor) the firm must hire to produce a level of output given its quantities of three quasi-fixed factors that are subject to adjustment costs: non-production (white-collar) workers, equipment, and structures.A complete description of the production structure is obtained by simultaneously estimating the input requirement function and three stochastic Euler equations.We apply an instrumental variable technique to estimate these equations using aggregate data for U.S. manufacturing. We find that as a fraction of total expenditures, adjustment costs are small in total hut large on the margin,and that they differ considerably across quasi-fixed factors. We also present short- and long-run elasticities of factor demands.
Author : Ingmar R. Prucha
Publisher :
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4.:/5 (254 download)
Download or read book Formulation and Estimation of Dynamic Factor Demand Equations Under Non-static Expectations written by Ingmar R. Prucha and published by . This book was released on 1982 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes a discrete model of investment behavior that incorporates general nonstatic expectations with a general cost of adjustment technology. The combination of these two features usually leads to a set of highly nonlinear first order conditions for the optimal input plan; the expectational variables work in addition as shift parameters. Consequently, an explicit analytic solution for derived factor demand is in general difficult if not impossible to obtain. Simplifying assumptions on the technology and/or the form of the expectational process are therefore typically made in the literature. In this paper we develop an algorithm for the estimation of flexible forms of derived factor demand equations within the above general setting. By solving the first order conditions numerically at each iteration step this algorithm avoids the need for an explicit analytic solution. In particular we consider a model with a finite planning horizon. The relationship between the optimal input plans of the finite and infinite planning horizon model is explored. Due to the discrete setting of the model the forward looking behavior of investment is brought out very clearly. As a byproduct a consistent framework for the use of anticipation data on planned investment is developed.
Author : Stephen Gordon
Publisher : London : Department of Economics, University of Western Ontario
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (318 download)
Download or read book Dynamic Factor Demand and Value Function Methods written by Stephen Gordon and published by London : Department of Economics, University of Western Ontario. This book was released on 1991 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gerard A. Pfann
Publisher : Springer
ISBN 13 : 3642456766
Total Pages : 168 pages
Book Rating : 4.6/5 (424 download)
Download or read book Dynamic Modelling of Stochastic Demand for Manufacturing Employment written by Gerard A. Pfann and published by Springer. This book was released on 2013-12-21 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book interrelated factor demand models are surveyed. New methods are developed and are analysed empirically using Dutch and U.K. time series data. New methods are discussed for obtaining closed form solutions of linear ratinal expectations models, providing deeper insights into the identification of structural parameters of underlying theoretical models; recently developed time series techniques are applied in order to estimate structural parameters and test for model specification, stationarity and stability through time; new models are developed in which the rather stringent and questionable restrictions of symmetry generally imposed upon stochastic adjustment models of labour demand are relaxed, the models are analysed empirically using time series data of Dutch and U.K. manufacturing production and nonproduction workers.
Author : Giovanni Urga
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (62 download)
Download or read book A Note on the Identification Problem in Testing Dynamic Specifications of Factor Demand Equations written by Giovanni Urga and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard Meese
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.3/5 ( download)
Download or read book Dynamic Factor Demand Schedules for Labor and Capital Under Rational Expectations written by Richard Meese and published by . This book was released on 1980 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Werner Smolny
Publisher : Springer Science & Business Media
ISBN 13 : 3642515126
Total Pages : 248 pages
Book Rating : 4.6/5 (425 download)
Download or read book Dynamic Factor Demand in a Rationing Context written by Werner Smolny and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Giovanni Urga
Publisher :
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.:/5 (596 download)
Download or read book Dynamic Specifications of Factor Demand Equations written by Giovanni Urga and published by . This book was released on 1996 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : M. Ishaq Nadiri
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.3/5 ( download)
Download or read book Dynamic Factor Demand Models, Productivity Measurement, and Rates of Return written by M. Ishaq Nadiri and published by . This book was released on 1989 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prucha and Nadiri (1982,1986,1988) introduced a methodology to estimate systems of dynamic factor demand that allows for considerable flexibility in both the choice of the functional form of the technology and the expectation formation process. This paper applies this methodology to estimate the production structure, and the demand for labor, materials, capital and R & D by the U.S. Bell System. The paper provides estimates for short-, intermediate- and long-run price and output elasticities of the inputs, as well as estimates on the rate of return on capital and R & D. The paper also discusses the issue of the measurement of technical change if the firm is in temporary rather than long-run equilibrium and the technology is not assumed to be linear homogeneous The paper provides estimates for input and output based technical change as well as for returns to scale. Furthermore, the paper gives a decomposition of the traditional measure of total factor productivity growth.
Author : Linda Lee Moeller
Publisher :
ISBN 13 :
Total Pages : 998 pages
Book Rating : 4.:/5 (344 download)
Download or read book Systems of Factor Demand Equations Derived from a Model of Monopolistic Competition written by Linda Lee Moeller and published by . This book was released on 1995 with total page 998 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David H. Good
Publisher :
ISBN 13 :
Total Pages : 98 pages
Book Rating : 4.3/5 ( download)
Download or read book Index Number and Factor Demand Approaches to the Estimation of Productivity written by David H. Good and published by . This book was released on 1996 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michelle Marie Burtis
Publisher :
ISBN 13 :
Total Pages : 336 pages
Book Rating : 4.:/5 (173 download)
Download or read book A dynamic model of factor demands written by Michelle Marie Burtis and published by . This book was released on 1986 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : M. Ishaq Nadiri
Publisher :
ISBN 13 :
Total Pages : 109 pages
Book Rating : 4.:/5 (846 download)
Download or read book Dynamic Factor Demand Models and Production Analysis written by M. Ishaq Nadiri and published by . This book was released on 1999 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Erich Schneider
Publisher : Psychology Press
ISBN 13 : 9780415313193
Total Pages : 400 pages
Book Rating : 4.3/5 (131 download)
Download or read book Pricing and Equilibrium written by Erich Schneider and published by Psychology Press. This book was released on 2003 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume analyses value and equilibrium. Chapters on the decisions of household and on the theory of the firm (including short and long-term planning and investment) include both static and dynamic analysis. * Based on the enlarged sixth German edition this English edition contains many diagrams and an introduction to linear programming, as well as full treatment of the author's well-known theory of production.
Author : Shunji Oniki
Publisher :
ISBN 13 :
Total Pages : 326 pages
Book Rating : 4.3/5 (129 download)
Download or read book Effects of Output Changes on Factor Demand in Japanese Agriculture written by Shunji Oniki and published by . This book was released on 1996 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt:
