2 papers
q-fin.GN2008
Inflation as a function of labor force change rate: cointegration test for the USA
Ivan O. Kitov, Oleg I. Kitov, Svetlana A. Dolinskaya
A linear and lagged relationship between inflation and labor force change rate, p(t)= A1dLF(t-t1)/LF(t-t1)+A2 was found for developed economies. For the USA, A1=4.0, A2=-0.03075, a…
q-fin.GN2008
Modelling real GDP per capita in the USA: cointegration test
Ivan O. Kitov, Oleg I. Kitov, Svetlana A. Dolinskaya
A two-component model for the evolution of real GDP per capita in the USA is presented and tested. The first component of the GDP growth rate represents an economic trend and is in…