A dynamic demand specification of factor substitution in the manufacturing sector

Martin, Glen Bruce. (1987). A dynamic demand specification of factor substitution in the manufacturing sector Master's Thesis, School of Economics, The University of Queensland.

       
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Author Martin, Glen Bruce.
Thesis Title A dynamic demand specification of factor substitution in the manufacturing sector
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 1987
Thesis type Master's Thesis
Total pages 85
Language eng
Subjects 1402 Applied Economics
Formatted abstract A factor demand specification which takes account of the dynamic adjustment path of quasi-fixed (durable) inputs between steady state equilibria l is formulated. The model treats energy, materials and labour as short run determinants of the usage of the capital stock in a simultaneous system. Data problems and formulation issues are discussed l while an appendix demonstrates an optimal control solution and microcomputer program to Hansen and Sargent's (1981) contemporaneously interrelated economic variables problem based on the theory of rational expectations.

 
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