Arbeitspapier
Investment and sector-specific capital: A dynamic approach to incomplete factor mobility
Since static models of partial factor mobility cannot be interpreted dynamically to explain factor accumulation and reallocation over time this model analyzes incomplete factor mobility as a problem of investment theory in a dynamic context. Convex costs of adjustment generate finite investment demand and finite speed of adjustment to exogenous shocks. A two-sector version of the dynamic theory of the firm is developed and incorporated in a small open economy model. The comparative static results of this model are derived for the cases of international mobile and international immobile financial capital, where the latter case calls for numerical simulations to get some more insights in the comparative static behaviour.
- Sprache
-
Englisch
- Erschienen in
-
Series: Diskussionsbeiträge - Serie II ; No. 95
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Meckl, Jürgen
- Ereignis
-
Veröffentlichung
- (wer)
-
Universität Konstanz, Sonderforschungsbereich 178 - Internationalisierung der Wirtschaft
- (wo)
-
Konstanz
- (wann)
-
1989
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Meckl, Jürgen
- Universität Konstanz, Sonderforschungsbereich 178 - Internationalisierung der Wirtschaft
Entstanden
- 1989
Ähnliche Objekte (12)
Investment and sector-specific capital : a dynamic approach to incomplete factor mobility
Incomplete contracts in dynamic games
Incomplete contracts in dynamic procurement
Incomplete contracts in dynamic procurement
Incomplete markets and parental investments in children
Investment incentives under asymmetric information and incomplete contracts
Corporate investment behavior with incomplete information : three essays
Estimating dynamic discrete-choice games of incomplete information
An optimal investment strategy for insurers in incomplete markets
Dynamic consistency in incomplete information games with multiple priors
Dynamic Consistency in Incomplete Information Games with Multiple Priors
On utility-based investment, pricing and hedging in incomplete markets
Investment and sector-specific capital : a dynamic approach to incomplete factor mobility
Incomplete contracts in dynamic games
Incomplete contracts in dynamic procurement
Incomplete contracts in dynamic procurement
Incomplete markets and parental investments in children
Investment incentives under asymmetric information and incomplete contracts
Corporate investment behavior with incomplete information : three essays
Estimating dynamic discrete-choice games of incomplete information
An optimal investment strategy for insurers in incomplete markets
Dynamic consistency in incomplete information games with multiple priors
Dynamic Consistency in Incomplete Information Games with Multiple Priors
On utility-based investment, pricing and hedging in incomplete markets
Investment and sector-specific capital : a dynamic approach to incomplete factor mobility
Incomplete contracts in dynamic games
Incomplete contracts in dynamic procurement
Incomplete contracts in dynamic procurement
Incomplete markets and parental investments in children
Investment incentives under asymmetric information and incomplete contracts
Corporate investment behavior with incomplete information : three essays
Estimating dynamic discrete-choice games of incomplete information
An optimal investment strategy for insurers in incomplete markets
Dynamic consistency in incomplete information games with multiple priors
Dynamic Consistency in Incomplete Information Games with Multiple Priors