Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101537
Authors: 
Albert, Max
Year of Publication: 
1989
Series/Report no.: 
Diskussionsbeiträge: Serie II, Sonderforschungsbereich 178 "Internationalisierung der Wirtschaft", Universität Konstanz 96
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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