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International Bank for Economic Cooperation (P3)<br />A COMECON organization founded in 1964 to help the non-capitalist world in a way similar to the woRLD BANK's financing of the development of other countries.
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Arrow-Debreu model (D5)<br />An economic theory concerned with establishing the existence of an equilibrium for an integrated model of production, exchange and consumption. The two theorems produced by the authors were that (1) a competitive equilibrium exists if every individual has initially some positive quantity of every commodity available for sale and (2) there are individuals capable of supplying a positive amount of at least one type of labour with positive usefulness in the production of desired commodities.<br /><em>See also:</em> general equilibrium <br /><em>Reference</em><br />Arrow, K.J. and Debreu, G. (1954) 'The existence of an equilibrium for a competitive economy', Econometrica 22: 265-90.
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homoscedasticity (C1)<br />The property of a UNEAR REGRESSION model which has disturbances with constant VARIANCE.<br /><em>See also:</em> heteroscedasticity
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