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A study on the building of a new “output–output model” and its usefulness: based on a comparative analysis of the input–output model

✍ Scribed by Ho Un Gim; Koonchan Kim

Publisher
Springer
Year
2008
Tongue
English
Weight
356 KB
Volume
43
Category
Article
ISSN
0570-1864

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A ‘rational modelling procedure’ (and th
A ‘rational modelling procedure’ (and the estimating of input-output coefficients)
✍ Tony Lawson 📂 Article 📅 1980 🏛 Springer US 🌐 English ⚖ 946 KB

Introduction 1.1 According to the rational expectations hypothesis people form expectations as if they know the process which will ultimately generate the actual outcomes. In practice this means that when an economist formulates a stochastic economic model, 'rationality' is imposed by modelling expe