Econometrics of Structural Change

Econometrics of Structural Change
Author: Walter Krämer
Publsiher: Physica
Total Pages: 130
Release: 2012-06-12
Genre: Business & Economics
ISBN: 364248414X

Download Econometrics of Structural Change Book in PDF, Epub and Kindle

Econometric models are made up of assumptions which never exactly match reality. Among the most contested ones is the requirement that the coefficients of an econometric model remain stable over time. Recent years have therefore seen numerous attempts to test for it or to model possible structural change when it can no longer be ignored. This collection of papers from Empirical Economics mirrors part of this development. The point of departure of most studies in this volume is the standard linear regression model Yt = x;fJt + U (t = I, ... , 1), t where notation is obvious and where the index t emphasises the fact that structural change is mostly discussed and encountered in a time series context. It is much less of a problem for cross section data, although many tests apply there as well. The null hypothesis of most tests for structural change is that fJt = fJo for all t, i.e. that the same regression applies to all time periods in the sample and that the disturbances u are well behaved. The well known Chow test for instance assumes t that there is a single structural shift at a known point in time, i.e. that fJt = fJo (t

Economic Structural Change

Economic Structural Change
Author: Peter Hackl,Anders H. Westlund
Publsiher: Springer
Total Pages: 385
Release: 2013-10-03
Genre: Business & Economics
ISBN: 3662068265

Download Economic Structural Change Book in PDF, Epub and Kindle

Structural change is a fundamental concept in economic model building. Statistics and econometrics provide the tools for identification of change, for estimating the onset of a change, for assessing its extent and relevance. Statistics and econometrics also have de veloped models that are suitable for picturing the data-generating process in the presence of structural change by assimilating the changes or due to the robustness to its presence. Important subjects in this context are forecasting methods. The need for such methods became obvious when, as a consequence of the oil price shock, the results of empirical analyses suddenly seemed to be much less reliable than before. Nowadays, economists agree that models with fixed structure that picture reality over longer periods are illusions. An example for less dramatic causes than the oil price shock with similarly profound effects is economic growth and its impacts on the economic system. Indeed, economic growth was a motivating concept for this volume. In 1983, the International Institute for Applied Systems Analysis (IIASA) in Laxen burg/ Austria initiated an ambitious project on "Economic Growth and Structural Change".

Unit Roots Cointegration and Structural Change

Unit Roots  Cointegration  and Structural Change
Author: G. S. Maddala,In-Moo Kim
Publsiher: Cambridge University Press
Total Pages: 528
Release: 1998
Genre: Business & Economics
ISBN: 0521587824

Download Unit Roots Cointegration and Structural Change Book in PDF, Epub and Kindle

A comprehensive review of unit roots, cointegration and structural change from a best-selling author.

Macroeconometrics and Time Series Analysis

Macroeconometrics and Time Series Analysis
Author: Steven Durlauf,L. Blume
Publsiher: Springer
Total Pages: 406
Release: 2016-04-30
Genre: Business & Economics
ISBN: 9780230280830

Download Macroeconometrics and Time Series Analysis Book in PDF, Epub and Kindle

Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.

Structural Changes and their Econometric Modeling

Structural Changes and their Econometric Modeling
Author: Vladik Kreinovich,Songsak Sriboonchitta
Publsiher: Springer
Total Pages: 776
Release: 2018-11-24
Genre: Technology & Engineering
ISBN: 9783030042639

Download Structural Changes and their Econometric Modeling Book in PDF, Epub and Kindle

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.

Econometrics and Structural Change

Econometrics and Structural Change
Author: Lyle D. Broemeling
Publsiher: CRC Press
Total Pages: 292
Release: 1986-10-29
Genre: Mathematics
ISBN: 0824775007

Download Econometrics and Structural Change Book in PDF, Epub and Kindle

Econometrics of Structural Change

Econometrics of Structural Change
Author: Walter Krämer
Publsiher: Springer Science & Business Media
Total Pages: 130
Release: 2012-12-06
Genre: Business & Economics
ISBN: 9783642484124

Download Econometrics of Structural Change Book in PDF, Epub and Kindle

Econometric models are made up of assumptions which never exactly match reality. Among the most contested ones is the requirement that the coefficients of an econometric model remain stable over time. Recent years have therefore seen numerous attempts to test for it or to model possible structural change when it can no longer be ignored. This collection of papers from Empirical Economics mirrors part of this development. The point of departure of most studies in this volume is the standard linear regression model Yt = x;fJt + U (t = I, ... , 1), t where notation is obvious and where the index t emphasises the fact that structural change is mostly discussed and encountered in a time series context. It is much less of a problem for cross section data, although many tests apply there as well. The null hypothesis of most tests for structural change is that fJt = fJo for all t, i.e. that the same regression applies to all time periods in the sample and that the disturbances u are well behaved. The well known Chow test for instance assumes t that there is a single structural shift at a known point in time, i.e. that fJt = fJo (t

Structural change fundamentals and growth a framework and case studies

Structural change  fundamentals  and growth   a framework and case studies
Author: McMillan, Margaret ,Rodrik, Dani,Sepúlveda, Claudia
Publsiher: Intl Food Policy Res Inst
Total Pages: 328
Release: 2017-05-11
Genre: Political Science
ISBN: 9780896292147

Download Structural change fundamentals and growth a framework and case studies Book in PDF, Epub and Kindle