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A RECONSIDERATION OF THE 'GREAT RATIOS' OF ECONOMICS.

Authors :
Koot, Ronald S.
Walker, David A.
Source :
Decision Sciences; Jul72, Vol. 3 Issue 3, p115-123, 9p, 4 Charts
Publication Year :
1972

Abstract

Autocorrelations are found in the disturbance terms of regressions employed by L. R. Klein and R. F. Kosobud in a global model of growth employing five celebrated ratios of economics. This paper summarizes the KleinKosobud conclusions, modifies them by removing the autocorrelations, and extends the model to include more recent years. The modified conclusions hold even with the added observations. [ABSTRACT FROM AUTHOR]

Subjects

Subjects :
STATISTICAL correlation
REGRESSION analysis
MATHEMATICAL statistics
ECONOMIC development
MATHEMATICAL economics
SIMULATION methods & models

Details

Language :
English
ISSN :
00117315
Volume :
3
Issue :
3
Database :
Complementary Index
Journal :
Decision Sciences
Publication Type :
Academic Journal
Accession number :
4987965
Full Text :
https://doi.org/10.1111/j.1540-5915.1972.tb00551.x
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