A macroeconomic model of aggregate supply and demand for the UK |
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Authors: | Michael Beenstock Peter Warburton Paul Lewington Alan Dalziel |
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Institution: | 1. Ardahan University, Faculty of Economics and Administrative Sciences, Department of Business Administration, Ardahan 75002, Turkey;2. Atatürk University, Faculty of Economics and Administrative Sciences, Department of Econometrics, Erzurum 25400, Turkey |
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Abstract: | In this paper we publish for the first time the econometric model of the UK economy recently developed at City University Business School (CUBS). The differentiating feature of the CUBS model is its concern with the ‘supply side’ and its attempt to estimate an aggregate production function. The model distinguishes between markets in goods and services, labour, capital, money and foreign exchange. |
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Keywords: | Macroeconometric model UK Aggregate supply |
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