An inference about the length of the time-to-build period

Yong Gook Jung

doi:10.1016/j.econmod.2013.03.009

An inference about the length of the time-to-build period

Yong Gook Jung

School of Economics

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

This study attempts to infer the length of aggregate time-to-build period by estimating DSGE models with different investment lags and comparing their fits to the data. The models considered in this study use two, four, six, and eight quarters of investment lags. The Bayesian estimation result indicates that the model with six quarters of investment lags fits the data significantly better than the others.

Original language	English
Pages (from-to)	42-54
Number of pages	13
Journal	Economic Modelling
Volume	33
DOIs	https://doi.org/10.1016/j.econmod.2013.03.009
State	Published - Jul 2013

Keywords

Bayesian estimation
DSGE model
Time-to-build

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10.1016/j.econmod.2013.03.009

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title = "An inference about the length of the time-to-build period",

abstract = "This study attempts to infer the length of aggregate time-to-build period by estimating DSGE models with different investment lags and comparing their fits to the data. The models considered in this study use two, four, six, and eight quarters of investment lags. The Bayesian estimation result indicates that the model with six quarters of investment lags fits the data significantly better than the others.",

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AB - This study attempts to infer the length of aggregate time-to-build period by estimating DSGE models with different investment lags and comparing their fits to the data. The models considered in this study use two, four, six, and eight quarters of investment lags. The Bayesian estimation result indicates that the model with six quarters of investment lags fits the data significantly better than the others.

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JO - Economic Modelling

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An inference about the length of the time-to-build period

Abstract

Keywords

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