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Home Production Meets Time to Build Author info | Abstract | Publisher info | Download info | Related research | Statistics Paul Gomme
Finn E. Kydland
Peter Rupert
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An innovation in this paper is to introduce a time-to-build technology for the production of market capital into a model with home production. Our main finding is that the two anomalies that have plagued all household production modelsthe positive correlation between business and household investment, and household investment's leading business investment over the business cycleare resolved when time to build is added.
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Article provided by University of Chicago Press in its journal Journal of Political Economy .
Volume (Year): 109 (2001)
Issue (Month): 5 (October)
Pages: 1115-1131
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Handle: RePEc:ucp:jpolec:v:109:y:2001:i:5:p:1115-1131Contact details of provider: Postal: The University of Chicago Press, Journals Division, P.O. Box 37005 Chicago, IL 60637 Fax: (773) 753-0811 Email: Web page: http://www.journals.uchicago.edu/JPE/home.html
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