Angelopoulos, Konstantinos (contributor); … - 2006
per capita and efficient unit terms to make them stationary.
Thus, for any economy-wide variable
t
X , where ),,,,,,,(
t …
t
i
t
c
t
g
tttttt
GGGKBKCYX ≡ , we define
tt
t
t
ZN
X
x ≡ . We also define
t
t
t
N
H
h ≡ to be per capita non … (14a)-(14i) around its long run (the latter is presented in Appendix
A). Define )ln(lnˆ xxx
tt
−≡ , where x is the model …