The Theory of Linear Economic Models

The Theory of Linear Economic Models PDF Author: David Gale
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 360

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Book Description

The Theory of Linear Economic Models

The Theory of Linear Economic Models PDF Author: David Gale
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 360

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Book Description


The Theory of Linear Economic Models

The Theory of Linear Economic Models PDF Author: David Gale
Publisher: University of Chicago Press
ISBN: 0226278840
Category : Business & Economics
Languages : en
Pages : 353

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Book Description
Reprint of the edition of 1960. Gale (math, economics, operations research, U. of Cal. Berkeley) provides a complete and systematic treatment of the topic. Annotation copyrighted by Book News, Inc., Portland, OR

Dynamic Linear Economic Models

Dynamic Linear Economic Models PDF Author: James L. Kenkel
Publisher: Routledge
ISBN: 1351140701
Category : Business & Economics
Languages : en
Pages : 338

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Book Description
Originally published in 1974. This book provides a rigorous and detailed introductory treatment of the theory of difference equations and their applications in the construction and analysis of dynamic economic models. It explains the theory of linear difference equations and various types of dynamic economic models are then analysed. Including plenty of examples of application throughout the text, it will be of use to those working in macroeconomics and econometrics.

The Theory of Linear Economic Models

The Theory of Linear Economic Models PDF Author: Lejaren Arthur Hiller
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Advances in Non-linear Economic Modeling

Advances in Non-linear Economic Modeling PDF Author: Frauke Schleer-van Gellecom
Publisher: Springer Science & Business Media
ISBN: 3642420397
Category : Business & Economics
Languages : en
Pages : 268

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Book Description
In recent years nonlinearities have gained increasing importance in economic and econometric research, particularly after the financial crisis and the economic downturn after 2007. This book contains theoretical, computational and empirical papers that incorporate nonlinearities in econometric models and apply them to real economic problems. It intends to serve as an inspiration for researchers to take potential nonlinearities in account. Researchers should be aware of applying linear model-types spuriously to problems which include non-linear features. It is indispensable to use the correct model type in order to avoid biased recommendations for economic policy.

Multicollinearity in linear economic models

Multicollinearity in linear economic models PDF Author: D. Neeleman
Publisher: Springer Science & Business Media
ISBN: 9401174865
Category : Business & Economics
Languages : en
Pages : 111

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Book Description
It was R. Frisch, who in his publications 'Correlation and Scatter Analysis in Statistical Variables' (1929) and 'Statistical Confluence Analysis by means of Complete Regression Systems' (1934) first pointed out the complications that arise if one applies regression analysis to variables among which several independent linear relations exist. Should these relationships be exact, then there exist two closely related solutions for this problem, viz. 1. The estimation of 'stable' linear combinations of coefficients, the so-called estimable functions. 2. The dropping of the wen-known condition of unbiasedness of the estimators. This leads to minimum variance minimum bias estimators. This last solution is generalised in this book for the case of a model consisting of several equations. In econometrics however, the relations among variables are nearly always approximately linear so that one cannot apply one of the solutions mentioned above, because in that case the matrices used in these methods are, although ill-conditioned, always of full rank. Approximating these matrices by good-conditioned ones of the desired rank, it is possible to apply these estimation methods. In order to get an insight in the consequences of this approximation a simulation study has been carried out for a two-equation model. Two Stage Least Squares estimators and estimators found with the aid of the above mentioned estimation method have been compared. The results of this study seem to be favourable for this new method.

The Theory of Matrix Games and Linear Economic Models

The Theory of Matrix Games and Linear Economic Models PDF Author: David Gale
Publisher:
ISBN:
Category : Economics, Mathematical
Languages : en
Pages : 558

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Linear Model Theory

Linear Model Theory PDF Author: Dale L. Zimmerman
Publisher: Springer Nature
ISBN: 3030520633
Category : Mathematics
Languages : en
Pages : 504

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Book Description
This textbook presents a unified and rigorous approach to best linear unbiased estimation and prediction of parameters and random quantities in linear models, as well as other theory upon which much of the statistical methodology associated with linear models is based. The single most unique feature of the book is that each major concept or result is illustrated with one or more concrete examples or special cases. Commonly used methodologies based on the theory are presented in methodological interludes scattered throughout the book, along with a wealth of exercises that will benefit students and instructors alike. Generalized inverses are used throughout, so that the model matrix and various other matrices are not required to have full rank. Considerably more emphasis is given to estimability, partitioned analyses of variance, constrained least squares, effects of model misspecification, and most especially prediction than in many other textbooks on linear models. This book is intended for master and PhD students with a basic grasp of statistical theory, matrix algebra and applied regression analysis, and for instructors of linear models courses. Solutions to the book’s exercises are available in the companion volume Linear Model Theory - Exercises and Solutions by the same author.

Economic Models

Economic Models PDF Author: Dipak R. Basu
Publisher: World Scientific
ISBN: 9812836454
Category : Business & Economics
Languages : en
Pages : 248

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Book Description
Model Building is the most fruitful area of economics, designed to solve real-world problems using all available methods such as mathematical, computational and analytical, without distinction. Wherever necessary, we should not be reluctant to develop new techniques, whether mathematical or computational. That is the philosophy of this volume. The volume is divided into three distinct parts: Methods, Theory and Applications. The Methods section is in turn subdivided into Mathematical Programming and Econometrics and Adaptive Control System, which are widely used in econometric analysis. The impacts of fiscal policy in a regime with independent monetary authority and dynamic models of environmental taxation are considered. In the section on "Modelling Business Organization," a model of a Japanese organization is presented. Furthermore, a model suitable for an efficient budget management of a health service unit by applying goal programming method is analyzed, taking into account various socio-economic factors. This is followed by a section on "Modelling National Economies," in which macroeconometric models for the EU member countries are analyzed, to find instruments that stabilize inflation with coordinated action.

The Methodology of Economic Model Building (Routledge Revivals)

The Methodology of Economic Model Building (Routledge Revivals) PDF Author: Lawrence A. Boland
Publisher: Routledge
ISBN: 1317680960
Category : Business & Economics
Languages : en
Pages : 209

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Book Description
The major methodological task for modern economists has been to establish the testability of models. Too often, however, methodological assumptions can make a model virtually impossible to test even under ideal conditions, yet few theorists have examined the requirements and problems of assuring testability in economics. In The Methodology of Economic Model Building, first published in 1989, Lawrence Boland presents the results of a research project that spanned more than twenty years. He examines how economists have applied the philosophy of Karl Popper, relating methodological debates about falsifiability to wider discussions about the truth status of models in natural and social sciences. He concludes that model building in economics reflects more the methodological prescriptions of the economist Paul Samuelson than Popper’s ‘falsificationism’. This title will prove invaluable to both students and researchers, and represents a substantial contribution to debates about the scientific status of economics.