The Difference Betweeen Level and Growth Rate of a Variable
Some of you have a problem with distinguishing the two. THERE IS A DIFFERENCE
between LEVEL and GROWTH RATE of a variable. For example, level of GDP Per
capita (GSMH) in Turkey was $2,598 in 20
The University of Iowa
Department of Economics
Introduction to Dynamic Demand Models in Econometrics1
In this lecture we consider simple dynamic models. A typical model takes the form,
yt = 0 + 1 yt1 + 2
Principles of Economics
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