Slide 1Dynamic Models Slide 2 Introduction Assess the partial adjustment model as an example of a dynamic model Examine the ARDL model as a means of testing the partial adjustment…

Slide 1 Compete © An individual-based spatial modelling software to simulate ecological interactions and evolution in sessile organisms © Craig Johnson 2002 School of Zoology…

* Economics 122 Macroeconomics in the long run: Economic growth * Agenda Introductory background Essential aspects of economic growth Aggregate production functions Neoclassical…

Slide 1 1 Actual and potential output 1 2 Agenda Introductory background Essential aspects of economic growth Aggregate production functions Neoclassical growth model Simulation…

Slide 1 1 Economic growth Olduvai stone chopping tool, 1.8 – 2 million years BP 2 Congressional Budget Office, Sept 2012, cbo.gov. Actual and potential output Economic…

Slide 1 Explaining High Growth – Supply-side Analysis – Prof. Michael Smitka Winter 2002 Washington and Lee University Slide 2 Growth Accounting Framework Underlying…