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- Wed Jul 05, 2023 7:26 pm
- Forum: Estimation
- Topic: Errors specification in a state-space model.
- Replies: 1
- Views: 12065
Errors specification in a state-space model.
I'm trying to estimate the parameters of the flexible accelerator model of induced investment on regional level. The usual flexible accelerator model looks like INV_IND = c(1)*Y + c(2)*Y(-1) + c(3)*INV_IND(-1) + c(4)*INV_IND(-2) where INV_IND is induced investment, and Y is observable output (adapti...