Pagan, A R; Shannon, J H - In: The Economic Record 63 (1987) 180, pp. 33-45
This paper seeks to systematically review the main criticisms of the ORANI model by dev eloping a graphical version of a two-sector (exportables and nonexpor tables) miniature ORANI model. This model shows that ORANI results oc cur because while supply curves in both sectors have similar slopes,...