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Author | : J.P. Ancot |
Publisher | : Springer Science & Business Media |
Total Pages | : 270 |
Release | : 1984-03-31 |
Genre | : Business & Economics |
ISBN | : 9789024728947 |
Download Analysing the Structure of Economic Models Book in PDF, ePub and Kindle
Understanding the structure of a large econometric model is rather like the art of winetasting or like the art of playing a musical instrument. The quality of a wine results from a complex combination of various elements such as its colour which should be clear and crystalline, its smell which can be decomposed into a general aroma and a variety of particular characteristics, more or less persistent depending on the type and the age of the wine, its taste, of course, which again is a complex system whose equilibrium and charm depend on the whole set of ingredients: alcohol, tannin, glycerine, sugar, acidity . . . Similarly, a clarinetist's musicianship depends on the quality of his instrument, on his embouchure, fingering, tonguing and articu lation techniques, on his sense for rhythm, phasing and tone colour. However, the enchantment produced by a Romanee-Conti or by a brilliant performance of Brahm's F minor sonata for clarinet and piano arises from a process which is at the same time time much simpler and much more complex than the straightforward juxtaposition of individual causal relations. In recent years econometricians and macro-economists have been challenged by the problem of keeping abreast with an ever increasing number of increasingly more complex large econometric models. The necessity of developing systematic analytical tools to study the often implicit and hidden structure of these models has become more evident.
Author | : Peter Hackl |
Publisher | : Springer Science & Business Media |
Total Pages | : 377 |
Release | : 2013-06-29 |
Genre | : Business & Economics |
ISBN | : 3662068249 |
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".
Author | : Lawrence A. Boland |
Publisher | : Routledge |
Total Pages | : 209 |
Release | : 2014-05-01 |
Genre | : Business & Economics |
ISBN | : 1317680960 |
Download The Methodology of Economic Model Building (Routledge Revivals) Book in PDF, ePub and Kindle
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.
Author | : Dipak R. Basu |
Publisher | : World Scientific |
Total Pages | : 248 |
Release | : 2009 |
Genre | : Business & Economics |
ISBN | : 9812836454 |
Download Economic Models Book in PDF, ePub and Kindle
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.
Author | : Jean-Pierre Ancot |
Publisher | : |
Total Pages | : 255 |
Release | : 1984 |
Genre | : |
ISBN | : 9789024726226 |
Download Analysing the Structure of Econometric Models Book in PDF, ePub and Kindle
Author | : J.P. Ancot |
Publisher | : Springer Science & Business Media |
Total Pages | : 259 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 9400960980 |
Download Analysing the Structure of Economic Models Book in PDF, ePub and Kindle
Understanding the structure of a large econometric model is rather like the art of winetasting or like the art of playing a musical instrument. The quality of a wine results from a complex combination of various elements such as its colour which should be clear and crystalline, its smell which can be decomposed into a general aroma and a variety of particular characteristics, more or less persistent depending on the type and the age of the wine, its taste, of course, which again is a complex system whose equilibrium and charm depend on the whole set of ingredients: alcohol, tannin, glycerine, sugar, acidity . . . Similarly, a clarinetist's musicianship depends on the quality of his instrument, on his embouchure, fingering, tonguing and articu lation techniques, on his sense for rhythm, phasing and tone colour. However, the enchantment produced by a Romanee-Conti or by a brilliant performance of Brahm's F minor sonata for clarinet and piano arises from a process which is at the same time time much simpler and much more complex than the straightforward juxtaposition of individual causal relations. In recent years econometricians and macro-economists have been challenged by the problem of keeping abreast with an ever increasing number of increasingly more complex large econometric models. The necessity of developing systematic analytical tools to study the often implicit and hidden structure of these models has become more evident.
Author | : Peter Spiegler |
Publisher | : Cambridge University Press |
Total Pages | : 233 |
Release | : 2015-09-03 |
Genre | : Business & Economics |
ISBN | : 1316368556 |
Download Behind the Model Book in PDF, ePub and Kindle
This ambitious book looks 'behind the model' to reveal how economists use formal models to generate insights into the economy. Drawing on recent work in the philosophy of science and economic methodology, the book presents a novel framework for understanding the logic of economic modeling. It also reveals the ways in which economic models can mislead rather than illuminate. Importantly, the book goes beyond purely negative critique, proposing a concrete program of methodological reform to better equip economists to detect potential mismatches between their models and the targets of their inquiry. Ranging across economics, philosophy, and social science methods, and drawing on a variety of examples, including the recent financial crisis, Behind the Model will be of interest to anyone who has wondered how economics works - and why it sometimes fails so spectacularly.
Author | : Albert Rex Bergstrom |
Publisher | : New York, American Elsevier |
Total Pages | : 152 |
Release | : 1967 |
Genre | : Political Science |
ISBN | : |
Download Selected Economic Models and Their Analysis Book in PDF, ePub and Kindle
Author | : Richard Chorley |
Publisher | : Routledge |
Total Pages | : 315 |
Release | : 2013-10-14 |
Genre | : Science |
ISBN | : 1136155856 |
Download Socio-Economic Models in Geography (Routledge Revivals) Book in PDF, ePub and Kindle
First published in 1968, this book explores the theme of geographical generalization, or model building. It is composed of seven of the chapters from the original Models in Geography, published in 1967. The first chapter broadly outlines this theme and examines the nature and function of generalized statements, ranging from conceptual models to scale models, in a geographical context. The following six chapters deal with socio-economic building in geography. They focus on demographic and sociological models as well as looking at special aspects of models in human geography in reference to economic development, urban geography and settlement location, industrial location, and agricultural activity. This book represents a robustly anti-idiographic statement of modern work in one of the major branches of geography.
Author | : Wassily Leontief |
Publisher | : |
Total Pages | : 296 |
Release | : 1976 |
Genre | : Business & Economics |
ISBN | : |
Download The Structure of American Economy, 1919-1939 Book in PDF, ePub and Kindle
1977 reprint of 1951 edition.