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Some analysis of the long-run time series properties of consumption and income in the U.K.

✍ Scribed by D.A. Peel


Book ID
116101560
Publisher
Elsevier Science
Year
1992
Tongue
English
Weight
430 KB
Volume
39
Category
Article
ISSN
0165-1765

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πŸ“œ SIMILAR VOLUMES


Aggregation and the long run properties
✍ GΓ‘bor KΕ‘rΓΆsi; LΓ‘szlΓ³ Lovrics; LΓ‘szlΓ³ MΓ‘tyΓ‘s πŸ“‚ Article πŸ“… 1995 πŸ› Elsevier Science 🌐 English βš– 493 KB

The aggregation problem is a well-known difficulty in macroeconometric modelling. It is frequently assumed in these models that the behaviour of economic agents is uniform. Thus the behaviour of a single agent characterizes the aggregate behaviour of the agents (representative agent). However, there