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Lecture Undergraduate econometrics, 2nd edition - Chapter 15: Distributed lag models

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In this chapter we focus on the dynamic nature of the economy, and the corresponding dynamic characteristics of economic data. We recognize that a change in the level of an explanatory variable may have behavioral implications beyond the time period in which it occurred. The consequences of economic decisions that result in changes in economic variables can last a long time.

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Nội dung Text: Lecture Undergraduate econometrics, 2nd edition - Chapter 15: Distributed lag models

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