Abstract
Dynamic models are characterized by the fact that their relations contain variables which belong to different points in time. It is thought that in order to model how the data is generated, time lags must generally be included in the relations of an economic model. Each relation incorporates a lag distribution function which describes how the lagged independent variable affects the dependent variable over time.
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© 1989 Springer Science+Business Media Dordrecht
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Grasa, A.A. (1989). Dynamic Models-1. In: Econometric Model Selection: A New Approach. Advanced Studies in Theoretical and Applied Econometrics, vol 16. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-1358-0_8
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DOI: https://doi.org/10.1007/978-94-017-1358-0_8
Publisher Name: Springer, Dordrecht
Print ISBN: 978-90-481-4051-0
Online ISBN: 978-94-017-1358-0
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