The Cambridge Multisectoral Dynamic Model
Part of Cambridge Studies in Applied Econometrics
- Editors:
- Terry Barker
- William Peterson
- Date Published: April 1988
- availability: Available
- format: Hardback
- isbn: 9780521330046
Hardback
Looking for an inspection copy?
This title is not currently available on inspection
-
This 1998 book presents the econometric analysis of single-equation and simultaneous-equation models in which the jointly dependent variables can be continuous, categorical, or truncated. Despite the traditional emphasis on continuous variables in econometrics, many of the economic variables encountered in practice are categorical (those for which a suitable category can be found but where no actual measurement exists) or truncated (those that can be observed only in certain range). Such variables are involved, for example, in models of occupational choice, choice of tenture in housing, and choice of type of schooling. Models with regulated prices and rationing and models for program evaluation also represent areas of application for the techniques presented by the author.
Reviews & endorsements
'The book does an excellent job of surveying its chosen topics … such a comprehensive treatment as this book provides has previously been lacking. Thus the book fills an important gap in the literature. It will no doubt be widely read and used. It should be useful both to individuals interested in these topics at a theoretical level and those interested in applications. In the latter regard, an excellent feature of the book is that it contains a lot of empirical examples.' Journal of the American Statistical Association
See more reviews' … a significant contribution to the literature on limited dependent and qualitative variables. It should serve as a major reference for researchers doing empirical work with these models. It should also be useful to graduate students as well as econometric theorists.' American Journal of Agriculture Economics
'To summarise, the book contains a very useful and clearly written account of many of the aspects of the limited dependent and qualitative variable models with an extensive use of empirical examples. The econometric issues raised by the models are neatly produced without taxing the reader too greatly. There will undoubtedly be other books appearing in the near future in the same area … he has produced a book which, by virtue of its extensive coverage, will be very hard to beat.' The Economic Journal
Customer reviews
Not yet reviewed
Be the first to review
Review was not posted due to profanity
×Product details
- Date Published: April 1988
- format: Hardback
- isbn: 9780521330046
- length: 532 pages
- dimensions: 229 x 152 x 33 mm
- weight: 0.95kg
- availability: Available
Table of Contents
List of tables
List of figures
Foreword
Preface
Conventions
1. Introduction Terry Barker
Part I. The Model as a System:
2. Theory and method Terry Barker and William Peterson
3. The accounting framework and the data Terry Barker and Martin Weale
4. The complete model Terry Barker
5. Estimation William Peterson
6. Computer software for a large econometric model William Peterson
Part II. Different Economic Sectors of the Model:
7. Consumers' expenditure Vani Borooah
8. Fixed investment William Peterson
9. Stockbuilding Michael Landesmann
10. Exports and imports Terry Barker
11. Employment William Peterson
12. The demand for energy William Peterson
13. Industrial prices and profits Martin Weale
14. Export and import prices Terry Barker
15. Incomes policy and earnings Tony Lawson
16. Social security benefits and personal income tax Don Sharpe
17. The company sector Andrew Goudie, Geoffrey Meeks and Martin Weale
18. Financial stocks and returns Martin Weale
19. Sterling exchange rate Andrew Snell
Appendix
List of variables in MDM6
Bibliography
Index of authors
Index of subjects.
Sorry, this resource is locked
Please register or sign in to request access. If you are having problems accessing these resources please email [email protected]
Register Sign in» Proceed
You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner www.ebooks.com. Please see the permission section of the www.ebooks.com catalogue page for details of the print & copy limits on our eBooks.
Continue ×Are you sure you want to delete your account?
This cannot be undone.
Thank you for your feedback which will help us improve our service.
If you requested a response, we will make sure to get back to you shortly.
×