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Long-run trend, Business Cycle & Short-run shocks in real GDP

Arby, Muhammad Farooq
Munich Personal RePEc Archive · Reports
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Gross domestic product may be considered, a combination of three processes viz., long-run trend, business cycles and short-run shocks. The series of GDP can be decomposed in to its three components by using some statistical method. Such a decomposition of real GDP of Pakistan reveals that the Pakist
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