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the supply side of the market evolves much faster than the demand side the theory suggests that unsatisfied demands are … model condition. The presented theory allows a deeper understanding of the sales and price dynamics of non-durables. …
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This study investigates the dynamics of quarterly real GDP per capita growth rates across four countries, the US, UK, Canada and France. I obtain estimates for ARIMA(p,q) processes for first differences of log quarterly real GDP per capita using Reversible Jump Markov Chain Monte Carlo, allowing...
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