Neoclassical Theory and Empirical Models of Aggregate Firm Behaviour

Employment by level of education and production factor substitutability

“…Unlike the value of the depreciation rate, the values ofp I, r, nz, and 0 are the same for each sector (Table 7). A distinction is made between investment in CBS (1984CBS ( , 1986, Broer (1987), DNB (1988) p. 39.…”

Henri Theil’s Contributions to Economics and Econometrics

“…Table 4 shows that the ftaction of success exceeded ~ for each of the years, but that there is an appreciable difference in success between large and small changes. 8 This leads to 44 observations, which give, according to formula (2), an estimate of slightly below 0.6 for the mean ratio of (preliminary) forecasts to corresponding actual changes. Some of these revisions are however quite small; but if all revisions are disregarded which lead to an amelioration or deterioration of less than 10 per cent of the original forecast, IIP"-AI -IP'-AII < 0.1 IP'I (4) cP' being the original and P" the revised forecast), then the conclusion -cf.…”

“…8 What can we learn from the differential approach to consumption theory? Most applications of the differential approach use time series data, in which case the differentials are simply changes over time.…”

Price Inertia in a Macroeconomic Model of Monopolistic Competition

“…Followin~, Broer [1985] we take account of the possihility of a classícal dísequílihrium under monopolis[ic competition. The second difference with Rotemberg's analysis concerns the problem of capital accumulation.…”