Co-Integration, Aggregate Consumption, and the Demand For Imports: A Structural Econometric Investigation
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This paper uses a two-good version of Hall's (1978) representative agent, permanent income model to derive a structural import demand equation for nondurable consumer goods. Under the identification restriction that taste shocks are stationary, the model is shown to imply that log imports, log
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美国国家经济研究局创建时间：
1991-08-01
