A Model Of Investment Dynamics In Eastern Germany: Gradual Climb Instead Of Sudden Jump

Abstract/Sommario: This Paper Provides An Extended Investment Model Wich Allows For A Much Wider Range Of Adjustment Pattern, In Particular A Gradual Climb Of Investment, And Wich Is Compatible With West German Data. It Is Used To Provide An Estimate Of The Qualitative And Quantitative Implications Of The Adjustment Path Of Investment