| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4088 |
| DP4088 Measuring Heterogeneity in the Returns to Education in Norway Using Educational Reforms | |
| Kjell G Salvanes; Arild Aakvik; Kjell Vaage | |
| 发表日期 | 2003-10-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | A number of authors have attempted to test whether the US economy is in a determinate or an indeterminate equilibrium. We argue that to answer this question, one must impose a priori restrictions on lag length that cannot be tested. We provide examples of two economic models. Model 1 displays an indeterminate equilibrium, driven by sunspots. Model 2 displays a determinate equilibrium driven by fundamentals. Both models have the same likelihood function and are therefore observationally equivalent. |
| 主题 | International Macroeconomics |
| 关键词 | Identification Indeterminacy |
| URL | https://cepr.org/publications/dp4088 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533064 |
| 推荐引用方式 GB/T 7714 | Kjell G Salvanes,Arild Aakvik,Kjell Vaage. DP4088 Measuring Heterogeneity in the Returns to Education in Norway Using Educational Reforms. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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