Re: [OPE-L] Teaching Tautologies : dynamic or static?

From: Gerald_A_Levy@MSN.COM
Date: Tue Mar 15 2005 - 14:31:27 EST

> But since your model is in difference-eq form (dynamic), [...]


If  it is a short-run model in which "productivity, population, and physical
capital stocks in place are all constant"  how can it be said to have a
"dynamic" form?    Difference equations by themselves do not a dynamic
model make.

In solidarity, Jerry

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