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

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2 Scopus citations


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 languageEnglish
Pages (from-to)42-54
Number of pages13
JournalEconomic Modelling
StatePublished - Jul 2013


  • Bayesian estimation
  • DSGE model
  • Time-to-build


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