Discuss the economic interpretation of the parameters (elasticities, marginal propensities long and short run effects, etc.);

Use this section to:

1. Discuss the economic interpretation of the parameters (elasticities, marginal propensities long and short run effects, etc.);

2. Set out any a priori expectations about the signs and magnitudes of the parameters;

3. Set out any hypotheses to be tested (constant returns to scale, homogeneity, unit elasticities, parameters that should lie between zero and unity, etc.).
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4. Note any identities linking the data.

5. Discuss any identification proble