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returns of the macroeconomic variables in terms of personal consumption expenditures, gross private domestic investment, net … export of goods and services and government consumption expenditures and gross investment, have on the US Gross domestic …. It has a positive variable loadings for government consumption expenditures and gross investment, (GCEGI) and negative …
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The idea that certain economic variables are roughly constant in the long-run is an old one. Kaldor described them as stylized facts, whereas Klein and Kosobud labelled them great ratios. While such ratios are widely adopted in theoretical models in economics as conditions for balanced growth,...
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Gross domestic spending on R&D is defined as the total expenditure (current and capital) on R&D carried out by all resident companies, research institutes, university and government laboratories, etc., in a country. It includes R&D funded from abroad, but excludes domestic funds for R&D...
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