IDEAS home Printed from https://ideas.repec.org/p/fda/fdaddt/2006-16.html
   My bibliography  Save this paper

Time-to-Build Echoes

Author

Listed:
  • Fabrice Collard
  • Omar Licandro
  • Luis A. Puch

Abstract

In an optimal growth model with a time-to-build delay, the feasibility condition is a delayed-differential equation, and the Euler-type condition is an advanced-differential equation. As in Kalecki's theory of business cycles, the delayed nature of the feasibility constraint naturally induces cycles. However, the advanced nature of the Euler-type equation dampens fluctuations through smoothing, making the economy converge by oscillations. We refer to this result as time-to-build echoes.

Suggested Citation

  • Fabrice Collard & Omar Licandro & Luis A. Puch, 2006. "Time-to-Build Echoes," Working Papers 2006-16, FEDEA.
    • Handle: RePEc:fda:fdaddt:2006-16
    as

    Download full text from publisher

    File URL: https://documentos.fedea.net/pubs/dt/2006/dt-2006-16.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Darius Lakdawalla & Tomas Philipson, 2002. "The Growth of Obesity and Technological Change: A Theoretical and Empirical Examination," Working Papers 0203, Harris School of Public Policy Studies, University of Chicago.
    2. Susan Averett & Sanders Korenman, 1996. "The Economic Reality of the Beauty Myth," Journal of Human Resources, University of Wisconsin Press, vol. 31(2), pages 304-330.
    3. Wolfe, W.S. & Campbell, C.C. & Frongillo Jr., E.A. & Haas, J.D. & Melnik, T.A., 1994. "Overweight schoolchildren in New York State: Prevalence and characteristics," American Journal of Public Health, American Public Health Association, vol. 84(5), pages 807-813.
    4. Chesher, Andrew & Irish, Margaret, 1987. "Residual analysis in the grouped and censored normal linear model," Journal of Econometrics, Elsevier, vol. 34(1-2), pages 33-61.
    5. Rivers, Douglas & Vuong, Quang H., 1988. "Limited information estimators and exogeneity tests for simultaneous probit models," Journal of Econometrics, Elsevier, vol. 39(3), pages 347-366, November.
    6. Anderson, Patricia M. & Butcher, Kristin F. & Levine, Phillip B., 2003. "Maternal employment and overweight children," Journal of Health Economics, Elsevier, vol. 22(3), pages 477-504, May.
    7. John Cawley, 2000. "Body Weight and Women's Labor Market Outcomes," NBER Working Papers 7841, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chryssi Giannitsarou & Alexia Anagnostopoulos, 2005. "Modeling Time and Macroeconomic Dynamics," Money Macro and Finance (MMF) Research Group Conference 2005 60, Money Macro and Finance Research Group.
    2. Omar Licandro & Luis A. Puch, 2006. "Is Discrete Time a Good Representation of Continuous Time?," Economics Working Papers ECO2006/28, European University Institute.
    3. Mauro Bambi, 2006. "Endogenous Growth and Time-to-Build: the AK Case," Economics Working Papers ECO2006/17, European University Institute.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Emma García & José M. Labeaga & Ana Carolina Ortega Masagué, 2006. "Maternal Employment and Childhood Obesity in Spain," Working Papers 2006-17, FEDEA.
    2. Patricia M. Anderson & Kristin F. Butcher & Phillip B. Levine, 2003. "Economic perspectives on childhood obesity," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 27(Q III), pages 30-48.
    3. Charles L. Baum, 2009. "The effects of cigarette costs on BMI and obesity," Health Economics, John Wiley & Sons, Ltd., vol. 18(1), pages 3-19, January.
    4. Barone, Adriana & O'Higgins, Niall, 2010. "Fat and out in Salerno and its province: Adolescent obesity and early school leaving in Southern Italy," Economics & Human Biology, Elsevier, vol. 8(1), pages 44-57, March.
    5. Dragan Miljkovic & Daniel Mostad, 2007. "Obesity and low-carb diets in the united states: A herd behavior model," Agribusiness, John Wiley & Sons, Ltd., vol. 23(3), pages 421-434.
    6. Arkes, Jeremy, 2009. "How the economy affects teenage weight," Social Science & Medicine, Elsevier, vol. 68(11), pages 1943-1947, June.
    7. Philippe Mahler, 2007. "I'm not fat, just too short for my weight - Family Child Care and Obesity in Germany," SOI - Working Papers 0707, Socioeconomic Institute - University of Zurich.
    8. Odelia Rosin, 2008. "The Economic Causes Of Obesity: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 22(4), pages 617-647, September.
    9. Andrew Cook & Beth Daponte, 2008. "A Demographic Analysis of the Rise in the Prevalence of the US Population Overweight and/or Obese," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 27(4), pages 403-426, August.
    10. Miljkovic, Dragan & Mostad, Daniel, 2005. "Impact of Changes in Dietary Preferences on U.S. Retail Demand for Beef: Health Concerns and the Role of Media," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 23(2), pages 1-16.
    11. Heather Antecol & Kelly Bedard, 2006. "Unhealthy assimilation: Why do immigrants converge to American health status levels?," Demography, Springer;Population Association of America (PAA), vol. 43(2), pages 337-360, May.
    12. Charles L. Baum II, 2010. "The Effects of Food Stamps on Obesity," Working Papers 201003, Middle Tennessee State University, Department of Economics and Finance.
    13. Anderson, Patricia M. & Butcher, Kristin F. & Levine, Phillip B., 2003. "Maternal employment and overweight children," Journal of Health Economics, Elsevier, vol. 22(3), pages 477-504, May.
    14. Chou, Shin-Yi & Grossman, Michael & Saffer, Henry, 2004. "An economic analysis of adult obesity: results from the Behavioral Risk Factor Surveillance System," Journal of Health Economics, Elsevier, vol. 23(3), pages 565-587, May.
    15. M. Christopher Auld & Lisa M. Powell, 2009. "Economics of Food Energy Density and Adolescent Body Weight," Economica, London School of Economics and Political Science, vol. 76(304), pages 719-740, October.
    16. Sonia Oreffice & Climent Quintana-Domeque, 2012. "A Matter of Weight? The Role of Spouses. Physical Attractiveness on Hours of Work," CHILD Working Papers Series 7, Centre for Household, Income, Labour and Demographic Economics (CHILD) - CCA.
    17. Maximilian D. Schmeiser, 2012. "The impact of long‐term participation in the supplemental nutrition assistance program on child obesity," Health Economics, John Wiley & Sons, Ltd., vol. 21(4), pages 386-404, April.
    18. Halliday, Timothy J. & Kwak, Sally, 2009. "Weight gain in adolescents and their peers," Economics & Human Biology, Elsevier, vol. 7(2), pages 181-190, July.
    19. Fahr, René, 2006. "The Wage Effects of Social Norms: Evidence of Deviations from Peers’ Body-Mass in Europe," IZA Discussion Papers 2323, Institute of Labor Economics (IZA).
    20. Jaume Garcia Villar & Climent Quintana, 2005. "Body size, activity, employment and wages in Europe: A first approach," Economics Working Papers 897, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2006.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fda:fdaddt:2006-16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Carmen Arias (email available below). General contact details of provider: https://www.fedea.net .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.