Quantitative Economics and Development: Essays in Memory of Ta-chung Liu, Svazek 14

aggregation agricultural assumed assumption average Bank of Taiwan banks billion Boston capital coefficients column commodity component consumer price index cropping demand denotes devaluation diffusion discount rate distribution econometric model economic effect elasticity employment equation equilibrium errors estimated exogenous exports factor forecasting growth households imports Income relatives increase industry inflation inputs interest rate investment likelihood function m₁ matrix measure monetary money supply monthly and quarterly monthly model multipliers Nash equilibrium nonfarm optimal solution Pareto Pareto optimality personal income policy variables probability measure problem production function pure labor theory Q M Q quarterly model Quarters of Impact ratio Reduction regression restrictive sample period Section sector shares simulation stochastic Table Taiwan Taiwan Province target variables tax functions tax rate Theorem theory of value U.S. dollar unborrowed reserves wage rate welfare workers y₁