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Dynamic Factor Demand in a Rationing Context: Theory and Estimation of a
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Dynamic Factor Demand in a Rationing Context: Theory and Estimation of a Macroeconomic Disequilibrium Model for the Federal Republic of Germany Paperback - 1993

by Werner Smolny

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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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  • Title Dynamic Factor Demand in a Rationing Context: Theory and Estimation of a Macroeconomic Disequilibrium Model for the Federal Republic of Germany
  • Author Werner Smolny
  • Binding Paperback
  • Pages 242
  • Volumes 1
  • Language ENG
  • Publisher Physica-Verlag
  • Publication date 1993-09-30
  • Illustrated Yes
  • Features Bibliography, Illustrated
  • ISBN 9783790807127 / 3790807125
  • Weight 0.79 lbs (0.36 kg)
  • Dimensions 9.21 x 6.14 x 0.53 in (23.39 x 15.60 x 1.35 cm)
  • Category Business / Economics / Finance
  • Library of Congress Catalogue Number 94144937
  • Dewey Decimal Code 330.1

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Dynamic Factor Demand in a Rationing Context : Theory and Estimation of a Macroeconomic...

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

by Werner Smolny

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Paperback. New. New Book; Fast Shipping from UK; Not signed; Not First Edition; 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 fir
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Dynamic Factor Demand in a Rationing Context: Theory and Estimation of a Macroeconomic...
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Dynamic Factor Demand in a Rationing Context: Theory and Estimation of a Macroeconomic Disequilibrium Model for the Federal Republic of Germany (Studies in Contemporary Economics)

by Werner Smolny

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Physica-Verlag HD, 1993. Paperback. New. reprint edition. 250 pages. 9.25x6.10x0.57 inches.
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Dynamic Factor Demand in a Rationing Context: Theory and Estimation of a Macroeconomic...
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Dynamic Factor Demand in a Rationing Context: Theory and Estimation of a Macroeconomic Disequilibrium Model for the Federal Republic of Germany (Studies in Contemporary Economics)

by Smolny, Werner

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Dynamic Factor Demand in a Rationing Context: Theory and Estimation of a Macroeconomic...
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Dynamic Factor Demand in a Rationing Context: Theory and Estimation of a Macroeconomic Disequilibrium Model for the Federal Republic of Germany (Studies in Contemporary Economics)

by Smolny, Werner

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Springer, 1993-09-30. paperback. New. 6.10x0.57x9.25. Buy with confidence. Excellent Customer Service & Return policy.
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Dynamic Factor Demand in a Rationing Context
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Dynamic Factor Demand in a Rationing Context

by Werner Smolny

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9783790807127 / 3790807125
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Physica-Verlag , pp. 252 . Papeback. New.
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