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Funny old world
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Um
by
ucblockhead
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#11
Mon Feb 19, 2007 at 09:59:42 PM EST
hereas the Westerner isn't switching to another low skill export industry...
No...as I said...the Westerner is probably switching to a low skill service industry. Just look at the economies of the US and Western Europe...as the traditional low-skill manufacturing industries have gone offshore, the service sector has exploded.
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ウセーバラケダ
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yes I know
by
martingale
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#12
Tue Feb 20, 2007 at 05:13:44 AM EST
That was partially the point in my original thread with R.Mutt, that this assumption of the model also fails.
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$E(X_t|F_s) = X_s,\quad t > s$
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Funny old world
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