Name: dynamic factor demand in a rationing context: theory and estimation of a macroeconomic disequilibrium model for the federal republic of germany (en Inglés)
Price: 123980.00 CLP
Availability: InStock
Author: Smolny, Werner
ISBN: 9783790807127

portada dynamic factor demand in a rationing context: theory and estimation of a macroeconomic disequilibrium model for the federal republic of germany (en Inglés)

Formato

Libro Físico

Autor

Werner Smolny

Editorial

Physica-Verlag

Año

1993

Idioma

Inglés

N° páginas

242

Encuadernación

Tapa Blanda

Dimensiones

23.4 x 15.6 x 1.3 cm

Peso

0.36 kg.

ISBN

3790807125

ISBN13

9783790807127

Categorías

Teoría y filosofía de la economía

dynamic factor demand in a rationing context: theory and estimation of a macroeconomic disequilibrium model for the federal republic of germany (en Inglés)

Werner Smolny (Autor) · Physica-Verlag · Tapa Blanda

Libro Nuevo

$ 123.980

$ 247.950

Ahorras: $ 123.970

50% descuento

Envío normal

Origen: Estados Unidos (Costos de importación incluídos en el precio)

Se enviará desde nuestra bodega entre el Viernes 07 de Junio y el Miércoles 19 de Junio.

Lo recibirás en cualquier lugar de Chile entre 1 y 3 días hábiles luego del envío.

Reseña del libro "dynamic factor demand in a rationing context: theory and estimation of a macroeconomic disequilibrium model for the federal republic of germany (en Inglés)"

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.