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Author: Julia Campos
Publisher:
ISBN:
Category : Econometric models
Languages : en
Pages : 666
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Book Description
"This paper discusses the econometric methodology of general-to-specific modeling, in which the modeler simplifies an initially general model that adequately characterizes the empirical evidence within his or her theoretical framework. Central aspects of this approach include the theory of reduction, dynamic specification, model selection procedures, model selection criteria, model comparison, encompassing, computer automation, and empirical implementation. This paper thus reviews the theory of reduction, summarizes the approach of general-to-specific modeling, and discusses the econometrics of model selection, noting that general-to-specific modeling is the practical embodiment of reduction. This paper then summarizes fifty-seven articles key to the development of general-to-specific modeling"--Federal Reserve Board web site.
Author: Julia Campos
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 776
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Book Description
Focuses on a central method used in selecting quantitative models of economic behaviour, namely simplification of a model that characterizes the empirical evidence within the investigators' theoretical framework. This volumes feature an evidence that displays its abilities for model selection, based on Monte Carlo studies of automatic algorithms.
Author: Julia Campos
Publisher:
ISBN:
Category : Econometric models
Languages : en
Pages : 102
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Book Description
Author: Federico Perali
Publisher: Springer
ISBN: 3319585339
Category : Business & Economics
Languages : en
Pages : 343
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Book Description
This book covers some important topics in the construction of computable general equilibrium (CGE) models and examines use of these models for the analysis of economic policies, their properties, and their implications. Readers will find explanation and discussion of the theoretical structure and practical application of several model typologies, including dynamic, stochastic, micro-macro, and simulation models, as well as different closure rules and policy experiments. The presentation of applications to various country and problem-specific case studies serves to provide an informed and clearly articulated summary of the state of the art and the most important methodological advancements in the field of policy modeling within the framework of general equilibrium analysis. The book is an outcome of a recent workshop of the Italian Development Economists Association attended by a group of leading practitioners involved in the generation of CGE models and research on modeling the economy and policy making. It will be of interest to researchers, professional economists, graduate students, and knowledgeable policy makers.
Author: Jon Faust
Publisher:
ISBN:
Category : Econometric models
Languages : en
Pages : 60
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Book Description
We characterize the LSE approach by its implications for reduced-form modeling and structural interpretations. Much of what has come to be associated with the LSE methodology involves the approach to fitting reduced forms samples plagued by serial correlation. The policy analysis one might be able to do with an "LSE model," on the other hand, hinges on structural identification arguments which do not meet the classic Cowles Commission standards, and is thus suspect.
Author: Wojciech W. Charemza
Publisher:
ISBN:
Category : Econometric models
Languages : en
Pages : 370
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Book Description
Author: Giovanni Petris
Publisher: Springer Science & Business Media
ISBN: 0387772383
Category : Mathematics
Languages : en
Pages : 258
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Book Description
State space models have gained tremendous popularity in recent years in as disparate fields as engineering, economics, genetics and ecology. After a detailed introduction to general state space models, this book focuses on dynamic linear models, emphasizing their Bayesian analysis. Whenever possible it is shown how to compute estimates and forecasts in closed form; for more complex models, simulation techniques are used. A final chapter covers modern sequential Monte Carlo algorithms. The book illustrates all the fundamental steps needed to use dynamic linear models in practice, using R. Many detailed examples based on real data sets are provided to show how to set up a specific model, estimate its parameters, and use it for forecasting. All the code used in the book is available online. No prior knowledge of Bayesian statistics or time series analysis is required, although familiarity with basic statistics and R is assumed.
Author: N. Bellomo
Publisher: Springer Science & Business Media
ISBN: 0817645101
Category : Mathematics
Languages : en
Pages : 229
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Book Description
Develops different mathematical methods and tools to model living systems. This book presents material that can be used in such real-world applications as immunology, transportation engineering, and economics. It is of interest to those involved in modeling complex social systems and living matter in general.
Author: William A. Brock
Publisher:
ISBN:
Category : Social interaction
Languages : en
Pages : 146
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Book Description
This paper describes a range of methods which have been proposed to study interactions in economic and social contexts. By interactions, we refer to interdependences between individual decisions which are not mediated by markets. These types of models have been employed to understand phenomena ranging from the effect of neighborhoods on the life prospects of children to the evolution of political party platforms. We provide a general choice-based framework for modeling such interactions which subsumes a number of specific models which have been studied. This framework illustrates the relationship between interactions-based models and models in statistical mechanics. Our analysis is then extended to the econometrics of these models, with an emphasis on the identification of group-level influences on individual behavior. Finally, we review some of the empirical work on interactions which has appeared in the social science literature.
Author: Josef Kuneš
Publisher: Springer Science & Business Media
ISBN: 1907343784
Category : Technology & Engineering
Languages : en
Pages : 451
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Book Description
The present text sets itself in relief to other titles on the subject in that it addresses the means and methodologies versus a narrow specific-task oriented approach. Concepts and their developments which evolved to meet the changing needs of applications are addressed. This approach provides the reader with a general tool-box to apply to their specific needs. Two important tools are presented: dimensional analysis and the similarity analysis methods. The fundamental point of view, enabling one to sort all models, is that of information flux between a model and an original expressed by the similarity and abstraction Each chapter includes original examples and applications. In this respect, the models can be divided into several groups. The following models are dealt with separately by chapter; mathematical and physical models, physical analogues, deterministic, stochastic, and cybernetic computer models. The mathematical models are divided into asymptotic and phenomenological models. The phenomenological models, which can also be called experimental, are usually the result of an experiment on an complex object or process. The variable dimensionless quantities contain information about the real state of boundary conditions, parameter (non-linearity) changes, and other factors. With satisfactory measurement accuracy and experimental strategy, such models are highly credible and can be used, for example in control systems.
Author: Natali Hritonenko
Publisher: Springer Science & Business Media
ISBN: 9781402074844
Category : Mathematics
Languages : en
Pages : 312
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Book Description
The subject of the book is the "know-how" of applied mathematical modelling: how to construct specific models and adjust them to a new engineering environment or more precise realistic assumptions; how to analyze models for the purpose of investigating real life phenomena; and how the models can extend our knowledge about a specific engineering process. Two major sources of the book are the stock of classic models and the authors' wide experience in the field. The book provides a theoretical background to guide the development of practical models and their investigation. It considers general modelling techniques, explains basic underlying physical laws and shows how to transform them into a set of mathematical equations. The emphasis is placed on common features of the modelling process in various applications as well as on complications and generalizations of models. The book covers a variety of applications: mechanical, acoustical, physical and electrical, water transportation and contamination processes; bioengineering and population control; production systems and technical equipment renovation. Mathematical tools include partial and ordinary differential equations, difference and integral equations, the calculus of variations, optimal control, bifurcation methods, and related subjects.
