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This paper presents cointegration analyses of the import and export functions of the Czech Republic in 1993-1998 by identifying the main variable factors and estimating the long-run equilibrium relationship of Czech foreign trade functions. A long-run equilibrium relationship was found in the...
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developed in which a smooth, cubic spline signal function is used to approximate the price curve data. Estimation may then be … and their intercepts (i.e. the immediate price impacts of market orders) are well described by covariance stationary … parametric FSN models that take into account the monotonicity of the price curves and can be used to form predictive …
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The article presents two other applications of the standard neoclassical model of consumption-leisure choice, which forms the individual labour supply. The first one is decision making concerning time allocation with regard to household production; the second one is focused on labour supply over...
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