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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Industrial Relations in Canada
Authors: Fiona McQuarrie
4th Edition
978-1-118-8783, 1118878396, 9781119050599 , 978-1118878392
