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The Equations of The Model
Historical Experiments With The Model
1 other sections not shown
1ase 1eae agricultural price agricultural value added annual Arnold Harberger balance of payments capital stock coefficient Comments commodity imports constant prices consumption function CORC current dollars current prices demand for money DIMUV DPIM DPYN endogenous estimated exchange rate exogenous variables expectations expenditure variable explanatory variable export push experiment exports in current fixed investment forecasting GDP deflator GDP growth government consumption Harberger hence Iedex IMCD increment index of farmers inventory Korea Development Institute Korean inflation lagged manufacturing wage mean absolute error money supply growth national accounts national income nominal money supply Non-agricultural Value Added oil shock OLSQ output growth percentage change percentage points price index price variable sample period services exports share in national simulation results South Korea squa1ed statistically supply growth rate Table Theil transactions demand UPOP Value Added Deflator wage rate wage share world exports