Other publications

1. Financial integration - A focus on the Mediterranean region, co-authored with Nidal Sabri and Wassim Shahin, Springer, 2013.
2. Eurocommissarissen als wapen tegen wanbeleid lidstaten, Jaarboek 2012 Koninklijke Vereniging van Staathuishoudkunde, pages 50-56.
3. Asymmetric demographic pressure in South-Mediterranean versus North-Mediterranean economies and its impact on international gross capital flows, 24 June 2012.
4. International financial integration of South-Mediterranean economies - A bird's-eye view, 2012, co-authored with Nidal R. Sabri.
5. How further? (In Dutch: Hoe gaan we nu verder?), Dutch Financial Times on 25 October 2011.
6. Parliamentary election outcomes in the Netherlands during 1981-2010, 2010. To be methodologically revised.
7. EUROMON: The multi-country model of the Nederlandsche Bank, 2006, co-authored with Maria Demertzis, Peter van Els and Sybille Grob, Occasional Studies 4(1) of De Nederlandsche Bank, Amsterdam (The Netherlands).
8. Employment dynamics within small, medium and large establishments in the Netherlands at the end of the 1990s: Where and to what extent did job creation and job destruction occur?, 2003, co-authored with Jelena Jakulj and Nicole Jonker, De Nederlandsche Bank WO Research Memorandum no 742.
9. EUROMON: De Nederlandsche Bank's multi-country model, 2002, co-authored with Maria Demertzis and Peter van Els, De Nederlandsche Bank WO Research Memorandum no 718.
10. The Dutch economy - macro projections using the Dutch macro-econometric model MORKMON (in Dutch and English), 1999-2003 bi-annually, e.g. see De Nederlandsche Bank WO Research Memorandum no 711, co-authored with David-Jan Jansen, Nicole Jonker and Maarten van Rooij.
11. MAKMODEL: A macroeconometric model for the Republik of Macedonia, 2001, co-authored with Leo de Haan and Aneta Naumovska, De Nederlandsche Bank WO Research Memorandum no 665 and Makmodel: makro-ekonometriski model na Republika Makedonija National Bank of the Republic of Macedonia Working Paper no 8.
12. Corporate governance in the Netherlands, 1997, co-authored with Wilko Bolt, published as chapter in Corporate governance, financial markets and global convergence, edited by Balling, Hennessy and O'Brien, Kluwer Academic Publishers, pages 89-110,1998.

1. Foreign direct investment in relation with domestic investment and international trade: a survey, 1996, co-authored with Maarten van Rooij, De Nederlandsche Bank WO Research Memorandum no 482 and MPRA Working Paper no 23517.
2. Inventories, factor demand and capacity utilization: The long and short run structure, 1995, Université Catholique de Louvain IRES Working Paper 9507.
3. Time-to-build Interrelated investment and labour demand modelling with applications to six OECD countries, Ph.D. thesis at Maastricht University, defended in 1994 and published in 1995 in the Lecture Notes in Economics and Mathematical Systems no 420, Springer Verlag. Summary follows here below.
4. The dynamics of investment and labour demand: Theoretical issues and an application to the Dutch manufacturing industry, 1993, co-authored with Franz C. Palm and Gerard A. Pfann, University Maastricht Working Paper no 6069.
5. An explanation of the occupational and educational structure of employment by means of multinomial logit, 1990, University Maastricht Research center for education and labour market Working Paper ROA-W-1990/4E and MPRA Working Paper no 23615.
6. The use of a parametric and a semi-parametric estimation method for the binairy choice model: Probit maximum likelihood versus Maximum score (in Dutch: Het gebruik van een parametrische en een semi-parametrische schattingsmethode voor het binaire keuzemodel: Probit maximum likelihood versus Maximum score), 1989, University Tilburg Master thesis and MPRA Working Paper no 28104.
7. Investigating the relationship between physical characteristics and operating costs of Roman Catholic churches (in Dutch: Onderzoek naar samenhangen tussen fysieke kenmerken en exploitatiekosten van Rooms-Katholieke kerken), 1988, co-authored with Marlies Franssen, University Tilburg Master thesis and MPRA Working Paper 28108.
8. Beatrijs - Van dichten comt mi cleine bate, (in Dutch), 1983, co-authored with Jacqueline van Goor, Philips van Horne Scholengemeenschap in Weert, Dutch language thesis.

Time-to-build: Large physical capital stock projects need long periods to be built. But also adjustment costs of capital have demonstrated their relevance in the empirical literature. We incorporate both time-to-build and adjustment costs in factor demand models. The time-to-build specification emerges from the business cycle theory from Kydland and Prescott (1982, Econometrica) and allows for the estimation of the length of construction and the distribution of investment during this period. We identify time-to-build and adjustment costs dynamics theoretically and empirically, the first by moving averages and the latter by autoregressive terms. The empirical results show the significance of time-to-build of around three to five quarters on average in six OECD countries.

Bart van der Leck - 1910 -

Uitgaan van de fabriek

This is the front page of the thesis on Time-to-build

Find here the list of theorems (in Dutch: stellingen)

Van dichten comt mi cleine bate

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