Mizobuchi, Ken-ichi; Tanizaki, Hisashi - In: Empirical Economics 47 (2014) 4, pp. 1221-1250
of the linear approximated AIDS (LA–AIDS) model which is commonly used in empirical studies is examined. In consequence …, we find that the LA–AIDS model shows a poor performance, compared with the AIDS model, because the LA–AIDS model yields …