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Eastern Michigan University

Mathematical

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Empirical Study Of Expenditures Models, Jason A. Richmond Jan 2004

Empirical Study Of Expenditures Models, Jason A. Richmond

Senior Honors Theses and Projects

In this paper we examine four expenditure models: Residential Construction, Medical Services, Consumption of Motor Vehicles, and Investment in Motor Vehicles. Each model is examined in a number of functional forms with and without lagged dependent variable specifications; Level, Double Log, Change, and an Error Correction model.