Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/101537 
Authors: 
Year of Publication: 
1989
Series/Report no.: 
Diskussionsbeiträge - Serie II No. 96
Publisher: 
Universität Konstanz, Sonderforschungsbereich 178 - Internationalisierung der Wirtschaft, Konstanz
Abstract: 
The paper considers intersectoral capital mobility in the context of investment theory. Convex costs of adjustment explain imperfect mobility of capital between sectors. Stocks of capital are endogenous; the model essentially is a twosector growth model with Keynesian investment functions. The paper analyzes adjustment in a small open economy with balanced and imbalanced trade and adjustment in a closed economy.
Document Type: 
Working Paper

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