|
|
Dynamic model |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Dynamic modelAny model with an explicit time dimension. To be meaningfully dynamic, however, it should include variables and behavior that, at one time, depend on variables or behavior at another time. Models may be formulated in discrete time or in continuous time. Contrasts with a static model.Similar MatchesDynamic Web pageDynamic Web pageA Web page that is customized on the server (based on results of a script, user input, information about the user's browser, etc.) before being delivered to the user's browser. Dynamic gains from tradeDynamic gains from tradeThe hoped-for benefits from trade that accrue over time, in addition to the conventional static gains from trade of trade theory. Sources of these gains are not well understood or documented, although there exist a variety of possible theoretical reasons for them and some empirical evidence that countries have benefited more than the static gains alone would suggest. Dynamic comparative advantageDynamic comparative advantageA changing pattern of comparative advantage over time due to changes in factor endowments or technology. Dynamical NoiseDynamical NoiseWhen the output of a dynamical system becomes corrupted with noise, and the noisy value is used as input during the next iteration. Also called System Noise. See: Observational Noise. Dynamic economies of scaleDynamic economies of scaleA form of increasing returns to scale in which average cost declines over time as producers accumulate experience, so that average product rises with total output of the firm or industry accumulated over time. See learning by doing, infant industry protection. Further SuggestionsDynamic effects |
|
|
|