Example 202

KLEIN'S MODEL I

In Example 18.6 we discussed briefly the pioneering model of Klein. Initially, the model was estimated for the period 1920-1941. The underlying data are given in Table 20.5; and OLS, reduced-form, and 2SLS estimates are given in Table 20.6. We leave it to the reader to interpret these results.

EXAMPLE 20.2 (Continued)

TABLE 20.5 UNDERLYING DATA FOR KLEIN'S MODEL I

Year

C *

Was this article helpful?

0 0
Rules Of The Rich And Wealthy

Rules Of The Rich And Wealthy

Learning About The Rules Of The Rich And Wealthy Can Have Amazing Benefits For Your Life And Success. Discover the hidden rules and beat the rich at their own game. The general population has a love / hate kinship with riches. They resent those who have it, but spend their total lives attempting to get it for themselves. The reason an immense majority of individuals never accumulate a substantial savings is because they don't comprehend the nature of money or how it works.

Get My Free Ebook


Post a comment