THE SERVICE FLOW FROM CONSUMPTION GOODS WITH AN APPLICATION TO FRIEDMAN'S PERMANENT INCOME HYPOTHESIS

Abstract

* I would like to thank two anonymous referees for a number of constructive comments on an earlier version of this paper. I would also like to thank the CSO, and Jon Beadle in particular, for their considerable assistance in providing the data sets underlying this study, John Flemming for providing a number of useful comments and Bahram Pesaran for providing programming advice I have sole responsibility for the views expressed herein including any errors.

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