‘Great Ratios’ in Economics Don’t All Add Up

Alexander Chudik, M. Hashem Pesaran and Ron P. Smith ()
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Ron P. Smith: https://www.bbk.ac.uk/our-staff/profile/8003558/ron-smith

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: 'Great ratios' are widely adopted in theoretical models in economics as conditions for balanced growth, arbitrage or solvency. However, the empirical literature has tended to find little evidence for them.

Keywords: Econometrics (search for similar items in EconPapers)
Date: 2021-10-19
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:93176

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