Conclusion: Limitations, Developments and Alternatives

  • Simon P. Burke
  • John Hunter
Chapter
Part of the Palgrave Texts in Econometrics book series (PTEC)

Abstract

Many economic theories, especially those in macroeconomics, are theories of the way in which economic processes interact with one another to provide a stable set of underlying equilibrium relationships. Failure to observe equilibrium is strong evidence against the theory predicting its existence.

Keywords

Rium 

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Copyright information

© Simon P. Burke and John Hunter 2005

Authors and Affiliations

  • Simon P. Burke
  • John Hunter

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