Question
How to find the VAR expression for K' and Z', where C_t(Z^t)+K_t+1(Z^t)=Z_tK_t(Z^t)^beta, and log(Z_t) = alpha_0 +alpha_1log(Z_t-1) + delta, where delta is normal distribution. And
How to find the VAR expression for K' and Z', where C_t(Z^t)+K_t+1(Z^t)=Z_tK_t(Z^t)^beta, and log(Z_t) = alpha_0 +alpha_1log(Z_t-1) + delta, where delta is normal distribution. And find the response function to a unit increase in delta for the first 4 periods.
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
