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The Capital Goods Industry

In: The World Economy, Population Growth, and the Global Ecosystem

Author

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  • Harland Wm. Whitmore

Abstract

At the beginning of the current period, an initial stock of physical capital, Kkt, is held by the capital goods industry. Let K k d (t+1) represent the capital goods industry’s desired stock of capital for the end of the current period, which is determined in accordance with its objective to maximize the present value of its operations.

Suggested Citation

  • Harland Wm. Whitmore, 2007. "The Capital Goods Industry," Palgrave Macmillan Books, in: The World Economy, Population Growth, and the Global Ecosystem, chapter 6, pages 77-96, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-60730-9_6
    DOI: 10.1057/9780230607309_6
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