CONTENT ARTICLES IN ECONOMICS - The Simple Expenditure Model with Trade: How Should We Model Imports? - Imports are modeled as a fixed proportion of spending rather than as a function of income. This formulation provides a clear picture of how leakages influence the multiplier process.
| Year of publication: |
2001
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|---|---|
| Authors: | Cherry, Robert |
| Published in: |
The journal of economic education. - Philadelphia, Pa : Routledge, ISSN 0022-0485, ZDB-ID 4105357. - Vol. 32.2001, 1, p. 53-57
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