Details
| Original language | English |
|---|---|
| Pages (from-to) | 446-469 |
| Number of pages | 24 |
| Journal | Weltwirtschaftliches Archiv |
| Volume | 131 |
| Issue number | 3 |
| Publication status | Published - Sept 1995 |
Abstract
Eastern Germany and the Conflict between Wage Adjustment, Investment, and Employment: A Numerical Analysis. - In this paper, some light is shed on the dynamics of the adjustment process in eastern Germany by studying the linkages between the dynamics of wage adjustment, investment, and employment. An extended dynamic investment model, which includes adjustment costs for capital and revision costs for investment, is presented. This model is specified according to the east German economy and analyzed numerically by an optimization method based on direct collocation. Results are obtained for the time horizon of adjustment and for the implications of different wage strategies on the path of investment and employment.
Keywords
- C61, E22, E24, P27
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- General Business,Management and Accounting
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In: Weltwirtschaftliches Archiv, Vol. 131, No. 3, 09.1995, p. 446-469.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Eastern Germany and the conflict between wage adjustment, investment, and employment
T2 - A numerical analysis
AU - Thimann, Christian
AU - Breitner, Michael H.
N1 - Copyright: Copyright 2008 Elsevier B.V., All rights reserved.
PY - 1995/9
Y1 - 1995/9
N2 - Eastern Germany and the Conflict between Wage Adjustment, Investment, and Employment: A Numerical Analysis. - In this paper, some light is shed on the dynamics of the adjustment process in eastern Germany by studying the linkages between the dynamics of wage adjustment, investment, and employment. An extended dynamic investment model, which includes adjustment costs for capital and revision costs for investment, is presented. This model is specified according to the east German economy and analyzed numerically by an optimization method based on direct collocation. Results are obtained for the time horizon of adjustment and for the implications of different wage strategies on the path of investment and employment.
AB - Eastern Germany and the Conflict between Wage Adjustment, Investment, and Employment: A Numerical Analysis. - In this paper, some light is shed on the dynamics of the adjustment process in eastern Germany by studying the linkages between the dynamics of wage adjustment, investment, and employment. An extended dynamic investment model, which includes adjustment costs for capital and revision costs for investment, is presented. This model is specified according to the east German economy and analyzed numerically by an optimization method based on direct collocation. Results are obtained for the time horizon of adjustment and for the implications of different wage strategies on the path of investment and employment.
KW - C61
KW - E22
KW - E24
KW - P27
UR - http://www.scopus.com/inward/record.url?scp=51249165536&partnerID=8YFLogxK
U2 - 10.1007/BF02707912
DO - 10.1007/BF02707912
M3 - Article
AN - SCOPUS:51249165536
VL - 131
SP - 446
EP - 469
JO - Weltwirtschaftliches Archiv
JF - Weltwirtschaftliches Archiv
SN - 0043-2636
IS - 3
ER -