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0answers
89 views

Short Run vs Long Run Cost Functions

Let $z_a$ and $z_b$ are two vectors of inputs. $z_a$ is variable in both long run and short run however $z_b$ is only variable in long run. Now let's suppose that the price of one of the inputs in ...
5
votes
3answers
124 views

How to deal with a singular Leontiev inverted matrix?

I am currently studying and experimenting the input-output methodology. It is a 1930's method based on national accountings that allows to measure the interindustry flow of good and services. ...
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votes
1answer
45 views

How can I write a conditional expectation of finite state markov process in matrix notation

NOTE: This question is related to the econometric method explored in the following two questions: Multiplicative factorization of stochastic growth time series--solving for an ...