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

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Econometrics of Structural Change

Econometrics of Structural Change
Author: Walter Krämer
Publsiher: Springer Science & Business Media
Total Pages: 134
Release: 2012-12-06
Genre: Business & Economics
ISBN: 9783642484124

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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

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

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Time series analysis has undergone many changes in recent years with the advent of unit roots and cointegration. Maddala and Kim present a comprehensive review of these important developments and examine structural change. The volume provides an analysis of unit root tests, problems with unit root testing, estimation of cointegration systems, cointegration tests, and econometric estimation with integrated regressors. The authors also present the Bayesian approach to these problems and bootstrap methods for small-sample inference. The chapters on structural change discuss the problems of unit root tests and cointegration under structural change, outliers and robust methods, the Markov-switching model and Harvey's structural time series model. Unit Roots, Cointegration and Structural Change is a major contribution to Themes in Modern Econometrics, of interest both to specialists and graduate and upper-undergraduate students.

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

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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.

Economic Structural Change

Economic Structural Change
Author: Peter Hackl,Anders H. Westlund
Publsiher: Springer
Total Pages: 408
Release: 1991
Genre: Business & Economics
ISBN: UCSC:32106009792026

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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

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Economic Structural Change

Economic Structural Change
Author: Peter Hackl,Anders H. Westlund
Publsiher: Springer Science & Business Media
Total Pages: 377
Release: 2013-06-29
Genre: Business & Economics
ISBN: 9783662068243

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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".

Economic Structural Change

Economic Structural Change
Author: Peter Hackl,Anders H. Westlund
Publsiher: Springer
Total Pages: 385
Release: 1991-05-02
Genre: Business & Economics
ISBN: 3540538399

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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".