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The formation of export prices is an area in which the linear quadratic adjustment cost (LQAC) model under rational expectations may be relevant in practice. This paper evaluates the empirical performance of the LQAC-model using Norwegian data and a new testing procedure suggested by Johansen...
Persistent link: https://www.econbiz.de/10011968053
cointegrated vector autoregressive models, likelihood based methods and general method of moments. Our results indicate that both …
Persistent link: https://www.econbiz.de/10011968422
cointegrated vector autoregressive models, likelihood based methods and general method of moments. Our results indicate that both …
Persistent link: https://www.econbiz.de/10009018413