... 6.4 定式化準備:変数一覧 内生変数 ( モデル内で決まる変数 ) : Y : GDP 、 R: 利子率。小文字の変数は外生変数 ( モデル外で数値が与えられる変数 ) IS : C : 消費、 I : 投資、 G : 政府支出、 T : 税金、 N X : 純輸出、 EX : 輸出、 IM : 輸入、 a : 基礎消費、 b : 限界消費性向、 m : 限界輸入性向、 i : 基礎投資、 d : 正の定数、 g : 基礎輸出、 n ...
... depends on educational input in the previous period. Specifically, they are respectively given by y t = ωh t and h t = s β t−1 where ω is wage rate and β < 1 is an efficiency parameter. Sixth, individuals are ...
... This is rooted in the findings in Kageyama (2012) , which empirically showed that the relationships between LEGAP and these happiness indicators are bidirectional. In one direction, LEGAP negatively affects both HPN and ...
... and significant. This result suggests that banks’ BCR matters in firms’ investment decisions when firms are productive and thus have higher demand for investment. Using the estimated model, we conduct counterfactual ...
... • We have assumed that there is only one hedge fund style. What might change if we consider multiple hedge fund styles in the model industry? If the manager’s talent also involves an aptitude for one style over ...
... ponent of ) S i g ∀q and weakly decreasing in q ∀s g i , for g ∈ {P, I, D}. Note that this assumption implies that learning other bidders’ signals does not affect one’s own valuation – i.e. we have a ...
... III.B. Search Costs/Information Frictions An additional (but not mutually exclusive from product dif- ferentiation) possible explanation for the observed price disper- sion is the influence of search/information ...