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Static and dynamic demand models: the pragmatic versus the theoretical approach

  • Central Bank Of Barbados
  • 22 Jul,1986
  • 2
  • Working Papers,
  • Print

This study explores the formal as opposed to the pragmatic framework as a framework for analysing the demand for imports in the Barbadian economy over the period 1957 to 1978. It draws on previous work done in this field by Wallace Joefield-Napier (1982). This explanation is performed with a transcendental logarithmic utility function. (The papers are still in draft and are subject to revision. Not to be quoted or reproduced without the expressed permission of the authors)

WP1986-11