Regional welfare loss meaures of the 1973 oil embargo: a numerical methods approach |
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| Authors: | K. Hayes S. Porter Hudak |
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| Affiliation: | 1. Departmentfof Economics , Southern Methodist University , Dallas , Texas , 75275;2. Department of Economics , Northern Illinois University , DeKalb , Illinois , 60115 , USA |
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| Abstract: | A simple exercise of time-series analysis shows that the presence of the phonomenon of temporal aggregation in quarterly consumption data can substantially alter the empirical inference about Hall' mocel of consumption behaviour. This fact has received almost no attention in the econometric research in this field. |
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