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RUM, a Recursive Update Putty-Semi-Putty Vintage Production Model: Sectoral Estimation Results For Germany and the Netherlands by

By Huub Meijers and Adriaan Van Zon


In this paper we present the estimation results obtained using the RUM putty-semiputty vintage production model as described in more detail in van Zon (1994). ’RUM’ stands for ’Recursive Update Model’, a name which is rather general, but which refers to the fact that one of the central features of the model is that its behaviour at th

Year: 2011
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