A Methodological Note on Long-Period Positions

Posted: 30 Jun 2008

See all articles by Fabio D'Orlando

Fabio D'Orlando

Università di Cassino e del Lazio Meridionale

Multiple version iconThere are 2 versions of this paper

Date Written: 2007

Abstract

This brief paper seeks to overcome a number of methodological disagreements among economists who use the long-period method of analysis. In particular, it attempts to clarify the key distinctions between convergence and stability, convergence and gravitation and chronological and theoretical persistence. The conclusion is that the theoretical soundness of the long-period method depends on the convergence of actual magnitudes towards their long-period counterparts, an empirical issue to which theoretical considerations of stability are irrelevant.

Keywords: BD11, D21, B12

Suggested Citation

D'Orlando, Fabio, A Methodological Note on Long-Period Positions (2007). Contributions to Political Economy, Vol. 26, Issue 1, pp. 17-26, 2007, Available at SSRN: https://ssrn.com/abstract=1153211 or http://dx.doi.org/bzm017

Fabio D'Orlando (Contact Author)

Università di Cassino e del Lazio Meridionale ( email )

Cassino
Italy

HOME PAGE: http://www.docente.unicas.it/fabio_dorlando

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