The Role of Capital Structure in ABCT
17 Pages Posted: 25 Apr 2017
Date Written: April 24, 2017
We argue that the application of financial analysis, especially that of duration, clarifies and supports the application of the average period of production in ABCT. We also suggest that the focus in the recent ABCT literature should be more on the average period of production (APP) and less in the stages of production as depicted in Hayek’s triangle in Garrison’s model.
Keywords: ABCT, capital theory, roundaboutness, average period of production
JEL Classification: B22, B25, E14, E32
Suggested Citation: Suggested Citation