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Structural Change In Macroeconomic Models
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Book Synopsis Structural Changes and their Econometric Modeling by : Vladik Kreinovich
Download or read book Structural Changes and their Econometric Modeling written by Vladik Kreinovich and published by Springer. This book was released on 2018-11-24 with total page 776 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on structural changes and economic modeling. It presents papers describing how to model structural changes, as well as those introducing improvements to the existing before-structural-changes models, making it easier to later on combine these models with techniques describing structural changes. The book also includes related theoretical developments and practical applications of the resulting techniques to economic problems. Most traditional mathematical models of economic processes describe how the corresponding quantities change with time. However, in addition to such relatively smooth numerical changes, economical phenomena often undergo more drastic structural change. Describing such structural changes is not easy, but it is vital if we want to have a more adequate description of economic phenomena – and thus, more accurate and more reliable predictions and a better understanding on how best to influence the economic situation.
Book Synopsis Structural Change in Macroeconomic Models by : M.J. Vilares
Download or read book Structural Change in Macroeconomic Models written by M.J. Vilares and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book grew out of a 'Doctorat D'Etat' thesis presented at the University of Dijon-Institut Mathematique Economiques (lME). It aims to show that quantity rationing theory provides the means of improving macroeconometric modelling in the study of struc tural changes. The empirical results presented in the last chapter (concerning Portuguese economy) and in the last Appendix (con cerning the French economy), although preliminary, suggested that the effort is rewarding and should be continued. My debts are many. An important part of the research work was accomplished during my visit to the Institut National de la Statistique et des Etudes Economiques (lNSEE, Paris), where I have beneficted from stimulating discussions (particularly with P. Villa) and infor matical support. I have also received comments and suggestions from R. Quandt, J.-J. Laffont, P. Kooiman and P.-Y. Henin. I am specially indebted to P. Balestra for encouraging and valuable discussions, particularly in the field of econometric methods. My thanks go also to an anonymous referee. His constructive criticism and suggestions resulted in a number of improvements to an earlier version of this book. I cannot forget my friend A. Costa from BP A (Porto) who has helped me in the preparation of this work. Last but not least, I would like to thank my wife for her encouragement and patience throughout these years. Of course, I am the only one responsible for any remaining errors.
Book Synopsis Structural Change in Macroeconomic Models by : Manuel José Vilares
Download or read book Structural Change in Macroeconomic Models written by Manuel José Vilares and published by . This book was released on 1986 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Structural change, fundamentals, and growth : a framework and case studies by : McMillan, Margaret
Download or read book Structural change, fundamentals, and growth : a framework and case studies written by McMillan, Margaret and published by Intl Food Policy Res Inst. This book was released on 2017-05-11 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Consumption Structure and Macroeconomics by : Reto Foellmi
Download or read book Consumption Structure and Macroeconomics written by Reto Foellmi and published by Springer Science & Business Media. This book was released on 2006-03-30 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a novel perspective that allows to incorporate changing consumption and production structure into models of economic growth. Starting from the empirical observation that income and consumption structure are closely related, it develops a tractable theoretical framework which enables to analyze macroeconomic models consistent with these empirical facts. As a result, central macroeconomic phenomena are better understood: the reasons behind long-run growth, structural change, and the influence of inequality on innovations and growth.
Book Synopsis Macroeconomic Modelling in a Changing World by : Christopher Allen
Download or read book Macroeconomic Modelling in a Changing World written by Christopher Allen and published by . This book was released on 1997-02-12 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic Modelling in a Changing World Towards a Common Approach Edited by Chris Allen and Stephen Hall Practical economic model building has changed enormously over the last twenty years. Econometrics has become much more sophisticated with the introduction of cointegration and non-stationary time series analysis. The use of economic theory in the form of complex non-linear cross equation restrictions is now much more widespread and the explicit modelling of expectations and credibility effects is more satisfactory. This has meant that the old style macroeconomic models which were complex by virtue of their size alone have been replaced by a generation of new models which embody complex theory and estimation to provide more superior forecasting and policy tools. Macroeconomic Modelling in a Changing World outlines the modelling approach which has been adopted at the Centre for Economic Forecasting at the London Business School, one of the world’s leading research institutes into macroeconomic modelling, in building its own models. Using explicit examples and illustrations, the authors examine the latest state-of-the-art models, and answer questions such as: How are modern econometrics used by model builders? How should we deal with structural change? How should expectations be modelled? How are models used in practice? Economics
Book Synopsis Structural Change and Economic Growth by : Luigi L. Pasinetti
Download or read book Structural Change and Economic Growth written by Luigi L. Pasinetti and published by CUP Archive. This book was released on 1981-04-16 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an original theoretical treatment of the problems of maintaining full employment in a multisector economic system
Book Synopsis Structural Change in Macroeconomic Models by : Manuel José Vilares
Download or read book Structural Change in Macroeconomic Models written by Manuel José Vilares and published by . This book was released on 1986 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Income Distribution in Macroeconomic Models by : Giuseppe Bertola
Download or read book Income Distribution in Macroeconomic Models written by Giuseppe Bertola and published by Princeton University Press. This book was released on 2014-09-28 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.
Book Synopsis Cycles, Growth and Structural Change by : Lionello F Punzo
Download or read book Cycles, Growth and Structural Change written by Lionello F Punzo and published by Routledge. This book was released on 2003-09-02 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume gathers together key new contributions on the subject of the relationship, both empirical and theoretical, between economic oscillations, growth and structural change. Employing a sophisticated level of mathematical modelling, the collection contains articles from, amongst others, William Baumol, Katsuhito Iwai and William Brock.
Book Synopsis Geography, Structural Change and Economic Development by : Neri Salvadori
Download or read book Geography, Structural Change and Economic Development written by Neri Salvadori and published by Edward Elgar Publishing. This book was released on 2014-05-14 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors in this book regard the process of economic expansion as a non-homogeneous and multifaceted phenomenon which has deeply affected human welfare, and cultural, social and political change. The book is a bridge between the theorists (Rosenstein-Rodan, Lewis, Myrdal, and Hirschmann) who in the post-war period analyzed regional inequalities, structural change and dualism, and the modern literature on economic growth. The latter has emphasized the existence of multiple equilibria, bifurcations and various types of dynamic complexity, and clarified the conditions for the emergence of phenomena such as cumulative causation, path dependence and hysteresis. These are the typical ingredients of structural change, economic development or underdevelopment.
Book Synopsis Predictive Econometrics and Big Data by : Vladik Kreinovich
Download or read book Predictive Econometrics and Big Data written by Vladik Kreinovich and published by Springer. This book was released on 2017-11-30 with total page 780 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents recent research on predictive econometrics and big data. Gathering edited papers presented at the 11th International Conference of the Thailand Econometric Society (TES2018), held in Chiang Mai, Thailand, on January 10-12, 2018, its main focus is on predictive techniques – which directly aim at predicting economic phenomena; and big data techniques – which enable us to handle the enormous amounts of data generated by modern computers in a reasonable time. The book also discusses the applications of more traditional statistical techniques to econometric problems. Econometrics is a branch of economics that employs mathematical (especially statistical) methods to analyze economic systems, to forecast economic and financial dynamics, and to develop strategies for achieving desirable economic performance. It is therefore important to develop data processing techniques that explicitly focus on prediction. The more data we have, the better our predictions will be. As such, these techniques are essential to our ability to process huge amounts of available data.
Book Synopsis Global and National Macroeconometric Modelling by : Anthony Garratt
Download or read book Global and National Macroeconometric Modelling written by Anthony Garratt and published by Oxford University Press (UK). This book was released on 2012-03-15 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing a description of the state of modelling in global and national economies, this title introduces an approach to modelling that can readily be adopted for use in understanding how economies work and in generating forecasts for decision-makers and policy-makers alike.
Book Synopsis Rapid Growth and Relative Decline by : M. Setterfield
Download or read book Rapid Growth and Relative Decline written by M. Setterfield and published by Springer. This book was released on 1996-12-17 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do high rates of economic growth create conditions favourable to their own maintenance? Or can a period of high growth 'sow the seeds of its own destruction'? This book addresses these questions by conceiving growth and structural change as path dependent processes. Methodological, theoretical and empirical insights are combined in an extended model of cumulative causation, which shows how endogenously induced technological and institutional changes may cause the dynamics of a period of high growth to break down. This casts new light on the debate over Britain's economic decline.
Book Synopsis Innovations in Macroeconomics by : Paul J.J. Welfens
Download or read book Innovations in Macroeconomics written by Paul J.J. Welfens and published by Springer Science & Business Media. This book was released on 2007-03-06 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern macroeconomics suffers from an unclear link between short-term Keynesian analysis and long-term growth modelling. This book presents a new link between monetary analysis and growth modelling in open economies. Structural change, innovations and growth are considered from a new perspective. With respect to economic policy - in particular innovation policy - the analysis implies major changes, concerning both EU countries and other leading OECD economies.
Book Synopsis The future ain’t what it used to be by : Díaz-Bonilla, Eugenio
Download or read book The future ain’t what it used to be written by Díaz-Bonilla, Eugenio and published by Intl Food Policy Res Inst. This book was released on 2016-04-18 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper I focus only on medium- to long-term trends for economic growth, considering first the global historical experience and discussing then projections for future growth utilized in some important exercises of prospective. A conclusion is that many projections suggest further acceleration of world economic growth at levels that do not seem to be in line with historical experience. This paper then speculates about possible reasons for that discrepancy.
Book Synopsis Structural Macroeconomic Change and the Size Pattern of Manufacturing Firms by : F. Trau
Download or read book Structural Macroeconomic Change and the Size Pattern of Manufacturing Firms written by F. Trau and published by Palgrave Macmillan. This book was released on 2003-01-01 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: The crisis of the so-called Golden Age regime has been paralleled since the late 1960s by an increasing importance of market exchanges as opposed to vertically integrated manufacturing activity, leading to major changes in the size structure of firms. These changes have generally taken the form of an employment shift towards low-scale firms, lower average size and a higher number of manufacturing units. This book tries to explain on theoretical grounds the reasons for such important discontinuity.
