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Dynamic objectives: I. The importance of chemistry


Publisher
American Institute of Chemical Engineers
Year
1962
Tongue
English
Weight
92 KB
Volume
8
Category
Article
ISSN
0001-1541

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This paper uses Kennan's (1988) model to separately identify supply-side and demand-side dynamics in US import data. Dynamics arise from both autocorrelated shocks to supply-and demand-side fundamentals, and from lagged adjustment to these shocks. The model consists of a pair of partial adjustment m