| Home Production Meets Time-to-Build (2000) | |||||||||||||||
Abstract | |||||||||||||||
| 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 models---the positive correlation between business and household investment, and household investment leading business investment over the business cycle---are resolved when time-to-build is added. | |||||||||||||||
Publication details | |||||||||||||||
| |||||||||||||||
Publications citing this publication (1) | |||||||||||||||
| |||||||||||||||