On dynamics with time-to-build investment technology and non-time separable leisure

Ioannides, Y. and Taub, B. (1992) On dynamics with time-to-build investment technology and non-time separable leisure. Journal of Economic Dynamics and Control, 16(2), pp. 225-241. (doi:10.1016/0165-1889(92)90032-A)

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Abstract

We display a continuous-time version of the Kydland-Prescott time-to-build model and analyze its dynamic behavior, applying techniques of independent interest. We work out the local dynamics of a double Cobb-Douglas example. All key features of the model, and in particular time-to-build and non-time-separable leisure, are represented by means of simple parameters whose impact on the dynamics is examined analytically.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Taub, Professor Bart
Authors: Ioannides, Y., and Taub, B.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Journal of Economic Dynamics and Control
Publisher:Elsevier
ISSN:0165-1889

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